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Business
Accounting
Bramble Corp. had a net income of $94,700 and paid dividends of $30,000 to common stockholders and $15,500 to preferred stockholders in 2017. Bramble Corp.'s common stockholders' equity at the beginning and end of 2017s was $440,000 and $550,000, respectively. Bramble Corp. return on common stockholders' equity is: a. 11%. b. 20%. C. 15%. d. 16%.

Bramble Corp. had a net income of $94,700 and paid dividends of $30,000 to common stockholders and $15,500 to preferred stockholders in 2017. Bramble Corp.'s common stockholders' equity at the beginning and end of 2017s was $440,000 and $550,000, respectively. Bramble Corp. return on common stockholders' equity is: a. 11%. b. 20%. C. 15%. d. 16%.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bramble Corp. had a net income of $94,700 and paid dividends of $30,000 to common stockholders and $15,500 to preferred stockholders in 2017. Bramble Corp.'s common stockholders' equity at the beginning and end of 2017s was $440,000 and $550,000, respectively. Bramble Corp. return on common stockholders' equity is: a. 11%. b. 20%. C. 15%. d. 16%.
Transcribed Image Text:Bramble Corp. had a net income of $94,700 and paid dividends of $30,000 to common stockholders and $15,500 to preferred stockholders in 2017. Bramble Corp.'s common stockholders' equity at the beginning and end of 2017s was $440,000 and $550,000, respectively. Bramble Corp. return on common stockholders' equity is: a. 11%. b. 20%. C. 15%. d. 16%.
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