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Use the following taken from Blix Company's December 31 year-end Financial Statements: PreferredDividends $50,000 NetIncome $350,000 CashDividends to common stockholders $100,000 January1 Common Stockholders' Equity

Use the following taken from Blix Company's December 31 year-end Financial Statements:

PreferredDividends

$50,000

NetIncome

$350,000

CashDividends to common stockholders

$100,000

January1 Common Stockholders' Equity

$3,000,000

December31 Common Stockholders' Equity

$4,000,000

PreferredShares Outstanding

80,000

CommonShares Outstanding

150,000

TotalLiabilities

$4,200,000

TotalAssets

$10,000,000

InterestExpense

$20,000

Incomebefore taxes and interest

$560,000

What is the Return on Common Stock Equity?

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