Whetzel Corporation reported net income of $152,000, declared dividends on common stock of $50,000, and had an
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Question:
Whetzel Corporation reported net income of $152,000, declared dividends on common
stock of $50,000, and had an ending balance in retained earnings of $360,000. Common
stockholders' equity was $700,000 at the beginning of the year and $820,000 at the end of
the year. Compute the return on common stockholders' equity
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