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 %
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 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company reports the following:
Net income | $195,000 |
Preferred dividends | 9,240 |
Average |
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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