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what is the answer to B) (picture 3) Steven Tandy Company reported the following balances at December 31, 2019: common stock $525,000; paid-in capital in
what is the answer to B) (picture 3) Steven Tandy Company reported the following balances at December 31, 2019: common stock $525,000; paid-in capital in excess of par-common stock $205,000; retained earnings $330,000. During 2020 , the following transactions affected stockholder's equity. 1. Issued preferred stock with a par value of $210,000 for $235,000. 2. Purchased treasury stock (common) for $69,000. 3. Earned net income of $250,000. 4. Declared and paid cash dividends of $87,000($17,345 preferred). Common Stock Preferred Stock 210,000 Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par-Common Stock 205,000 Paid-in Capital in Excess of Par-Preferred Stock Total Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less v: Treasury Stock Total Stockholders'Equity Compute Tandy's 2020 return on common stockholders' equity. (Round answer to 1 decimal place, eg. 15.2%.) Return on common stockholders' equity
what is the answer to B) (picture 3)
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