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Return on Stockholders' Equity A company reports the following: Net Income $175,000 Preferred dividends 7,000 Average stockholders' equity 1,356,589 Average common stockholders' equity 774,194 Determine

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Return on Stockholders' Equity A company reports the following: Net Income $175,000 Preferred dividends 7,000 Average stockholders' equity 1,356,589 Average common stockholders' equity 774,194 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 X% X%

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