A company reports the following: Net income $133,720 Preferred dividends 12,060 Average stockholders' equity 1,064,390 Average common stockholders' equity 887,500 Round percentages to one decimal place.
A company reports the following: Net income $133,720 Preferred dividends 12,060 Average stockholders' equity 1,064,390 Average common stockholders' equity 887,500 Round percentages to one decimal place.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company reports the following:
Net income | $133,720 |
Preferred dividends | 12,060 |
Average |
1,064,390 |
Average common stockholders' equity | 887,500 |
Round percentages to one decimal place.
a. Determine the return on stockholders' equity.
fill in the blank 1%
b. Determine the return on common stockholders' equity.
fill in the blank 2%
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