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. The following information pertains to Benedict Company. Assume that all balance sheet amounts represent average balance figures. Total assets Stockholders' equity-common Total stockholders' equity
. The following information pertains to Benedict Company. Assume that all balance sheet amounts represent average balance figures. Total assets Stockholders' equity-common Total stockholders' equity Sales revenue Net income Number of shares of common stock Common dividends Preferred dividends 12.0% 16.7% 9.0% $300,000 13.3% 150,000 200,000 100,000 25,000 6,000 5,000 What is the return on common stockholders' equity ratio for Benedict? 7,000
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