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The average common stockholders' equity during the period was $1,000,000; net income was $200,000; and preferred dividends were $50,000. The return on stockholders' equity is
The average common stockholders' equity during the period was $1,000,000; net income was $200,000; and preferred dividends were $50,000. The return on stockholders' equity is _____.
A) 5%
B) 15%
C) 20%
D) 25%
E) none of the above
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