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%
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%
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 10BE
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A company reports the following:
Net income | $162,730 |
Preferred dividends | 10,320 |
Average |
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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