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The average stockholders equity for ABC Company for 2000 was P2.000.000. Included in this figure is P200,000 par value of 8% preferred stock, which remained
The average stockholders equity for ABC Company for 2000 was P2.000.000. Included in this figure is P200,000 par value of 8% preferred stock, which remained unchanged during the year. The return on common shareholders' equity was 12.5% during the 2000. How much was the net income of the company in 2000
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