Question
Sunland Inc. reported net income of $252000 during 2017 and paid dividends of $22000 on common stock. It also has 9000 shares of 7%, $100
Sunland Inc. reported net income of $252000 during 2017 and paid dividends of $22000 on common stock. It also has 9000 shares of 7%, $100 par value preferred stock outstanding. Common stockholders equity was $1180000 on January 1, 2017, and $1520000 on December 31, 2017. The companys return on common stockholders equity for 2017 is:
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Principles Of External Auditing
Authors: Brenda Porter, Jon Simon, David Hatherly
1st Edition
0471962120, 978-0471962120
