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The following information pertains to Unique Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were

The following information pertains to Unique Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.Assets

Cash and short-term investments$40,000

Accounts receivable (net)25,000

Inventory20,000

Property, plant and equipment210,000

Total Assets$295,000

Liabilities and Stockholders' Equity

Current liabilities$60,000

Long-term liabilities85,000

Stockholders' equitycommon150,000

Total Liabilities and Stockholders' Equity$295,000

Income Statement

Sales revenue$ 85,000

Cost of goods sold45,000

Gross margin40,000

Operating expenses20,000

Net income$ 20,000

Number of shares of common stock6,000

Market price of common stock$20

Dividends per share on common stock0.90

Cash provided by operations$30,000

What is the return on common stockholders' equity for this company?

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