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Sunland Company had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 Net income
Sunland Company had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 Net income for the year ended 2018 Market price of stock, 12/31/17 Market price of stock, 12/31/18 Common stockholders' equity, 12/31/17 Common stockholders' equity, 12/31/18 Outstanding shares, 12/31/18 Preferred dividends for the year ended 2018 $5400 96700 9 1001000 1197000 99100 14900 What is the rate of return on common stock equity for Sunland Company for the year ended 2018? o 7.4% O 6.4% 6.8% 8.8%
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