The following information pertains to Montague Corporation: Net income .............. $55,000 Average common equity .........$1,500,000 Preferred dividends
Question:
The following information pertains to Montague Corporation:
Net income .............. $55,000
Average common equity .........$1,500,000
Preferred dividends ........... $7,500
Average common shares outstanding ..... 100,000
Required:
Calculate the return on common equity and the earnings per share.
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Return on Common Equity Net Income Preferred DividendsAverage Common ...View the full answer
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Related Book For 
Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
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