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The following information is for Johnson Company. Assume that all balance sheets amounts represent average balance figures. Total Assets $300,000 Stockholder's equity-common 150,000 Total Stockholder's
The following information is for Johnson Company. Assume that all balance sheets amounts represent average balance figures.
Total Assets $300,000
Stockholder's equity-common 150,000
Total Stockholder's equity 200,000
Sales Revenue $100,000
Net Income $25,000
Number of shares of common stock 6,000
Common dividends 5,000
Preferred dividends 7,000
What is the return on common stockholder's equity ratio for the company?
A. 16.7%
B. 9.0%
C. 12.0%
D. 13.3%
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