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The following selected data were taken from the financial statements of Vidahill Inc. for December 3 1 , 2 0 Y 7 , 2 0
The following selected data were taken from the financial statements of Vidahill Inc. for December YY and Y:
The net income was $ and the net income was $ No dividends on common stock were declared between and Preferred dividends were
declared and paid in full in and
a Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years and When required, round
your answers to one decimal place.
b The profitability ratios indicate that the company's profitability has!
Since the return on assets is
the return on stockholders' equity
in both years, there must be
leverage from the use of debt.
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