A company reports the following: Net income Preferred dividends Average stockholders' equity Average common stockholders' equity Round percentages to one decimal place. a. Determine the return on stockholders' equity. $199,450 14,770 1,293,540 860,050 b. Determine the return on common stockholders' equity. %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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A company reports the following:
Net income
Preferred dividends
Average stockholders' equity
Average common stockholders' equity
Round percentages to one decimal place.
a. Determine the return on stockholders' equity.
%
$199,450
14,770
1,293,540
860,050
b. Determine the return on common stockholders' equity.
%
Transcribed Image Text:< A company reports the following: Net income Preferred dividends Average stockholders' equity Average common stockholders' equity Round percentages to one decimal place. a. Determine the return on stockholders' equity. % $199,450 14,770 1,293,540 860,050 b. Determine the return on common stockholders' equity. %
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