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Return on Stockholders' Equity A company reports the following: Net income Preferred dividends $250,000 10,000 Average stockholders' equity Average common stockholders' equity 1,851,852 1,311,475
Return on Stockholders' Equity A company reports the following: Net income Preferred dividends $250,000 10,000 Average stockholders' equity Average common stockholders' equity 1,851,852 1,311,475 Determine (a) the return on stockholders' equity and (b) the return on common stockholders' equity. If required, round your percentages to one decimal place. a. The rate earned on stockholders' equity b. The rate earned on common stockholders' equity
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