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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

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

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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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. Determine the return on stockholders' equity. fill in the blank 1%
Transcribed Image Text: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. Determine the return on stockholders' equity. fill in the blank 1%
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