A company reports the following: Net income $195,000 Preferred dividends 9,240 Average stockholders' equity 1,365,870 Average common stockholders' equity 803,520 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 $195,000
Preferred dividends 9,240
Average stockholders' equity 1,365,870
Average common stockholders' equity 803,520

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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