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Whetzel Corporation reported net income of $160,000, declared dividends on common stock of $53,000, and had an ending balance in retained earnings of $360,000. Common
Whetzel Corporation reported net income of $160,000, declared dividends on common stock of $53,000, and had an ending balance in retained earnings of $360,000. Common stockholders' equity was $650,000at the beginning of the year and $850,000at the end of the year.
Compute the return on common stockholders' equity.
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