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 |
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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