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Swifty Corporation had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021 $5400 Net
Swifty Corporation had the following information in its financial statements for the years ended 2020 and 2021:
Cash dividends for the year 2021 | $5400 |
Net income for the year ended 2021 | 98000 |
Market price of stock, 12/31/20 | 8 |
Market price of stock, 12/31/21 | 10 |
Common stockholders equity, 12/31/20 | 1005000 |
Common stockholders equity, 12/31/21 | 1207000 |
Outstanding shares, 12/31/21 | 99600 |
Preferred dividends for the year ended 2021 | 14000 |
What is the rate of return on common stock equity for Swifty Corporation for the year ended 2021?
7.6%
8.9%
6.6%
7.0%
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