FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Common Stockholders' Profitability Analysis

A company reports the following:

Net income $320,000
Preferred dividends 12,800
Average stockholders' equity 2,644,628
Average common stockholders' equity 1,484,058

Determine (a) the return on stockholders’ equity and (b) the return on common stockholders’ equity. If required, round your answers to one decimal place.

a.  Return on Stockholders' Equity fill in the blank  %
b.  Return on Common Stockholders’ Equity fill in the blank %
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