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The following financial information is available for Monique Corporation. 2012 2011 Average common stockholders equity $1,200,000 $900,000 Dividends paid to common stockholders 50,000 30,000 Dividends
The following financial information is available for Monique Corporation. 2012 2011 Average common stockholders equity $1,200,000 $900,000 Dividends paid to common stockholders 50,000 30,000 Dividends paid to preferred stockholders 20,000 20,000 Net income 290,000 200,000 Market price of common stock 20 15 The weighted-average number of shares of common stock outstanding was 80,000 for 2011 and 100,000 for 2012. Calculate earnings per share and return on common stockholders equity for 2012 and 2011.
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