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The following information is available for BEM Company for the year ended December 31, 20X8: Net income $ 500,000 Interest expense 60,000 Total assets 2,000,000
The following information is available for BEM Company for the year ended December 31, 20X8: Net income $ 500,000 Interest expense 60,000 Total assets 2,000,000 Total liabilities 600,000 Total stockholders' equity 12/31/X8 1,400,000 Average stockholders' equity for 20X8 1,200,000 Common stock dividends 50,000 Preferred stock dividends 150,000 Weighted average shares 500,000 shares of common stock outstanding Tax rate 40% What is BEM Company's return on owners' equity for the year ended December 31, 20X8? What is BEM Company's return on owners' equity for the year ended December 31, 20X8? A. 10% B. 17% OC. 29% D. 34%
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