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The following is from Nantucket Limiteds records for 2017: Account Balances January 1 December 31 Common stock $210,000 $250,000 Additional paid-in-capital 95,000 110,000 Retained earnings
The following is from Nantucket Limiteds records for 2017: Account Balances January 1 December 31 Common stock $210,000 $250,000 Additional paid-in-capital 95,000 110,000 Retained earnings 105,000 195,000 During 2017, the company paid dividends of $15,000 on its common stock. The companys net income for the year was $105,000. How much is the companys return on common stockholders equity for the year ending December 31, 2017? Group of answer choices 18.9% 16.2% 22.0% 25.6%
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