A company reports the following: Net income $162,730 Preferred dividends 10,320 Average stockholders' equity 1,133,420 Average common stockholders' equity 843,120 Round percentages to one decimal place. a. Determine the return on stockholders' equity. fill in the blank 1% b. Determine the return on common stockholders' equity. fill in the blank 2%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A company reports the following:

Net income $162,730
Preferred dividends 10,320
Average stockholders' equity 1,133,420
Average common stockholders' equity 843,120

Round percentages to one decimal place.

a. Determine the return on stockholders' equity.
fill in the blank 1%

b. Determine the return on common stockholders' equity.
fill in the blank 2%

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