Accounting data of Elk Company are presented here. Net income Preferred dividends Common stockholders' equity 2025 $46,845 3,600 78,000 2025 Return on common stockholders' equity 2024 2024 Return on common stockholders' equity $49,455 3,400 77,000 2023 $42,000 2,500 Calculate return on common stockholders' equity for 2025 and 2024. (Round your answers to two decimal places (e.g., 45.10%).) 74,000 1.09 % 0.18 %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Accounting data of Elk Company are presented here.
Net income
2025
Preferred dividends
Common stockholders' equity 78,000
$46,845 $49,455
3,600
Save for Later
2025 Return on common stockholders' equity
2024
2024 Return on common stockholders' equity
3,400
77,000
2023
$42,000
Calculate return on common stockholders' equity for 2025 and 2024. (Round your answers to two decimal places (e.g., 45.10%).)
2,500
74,000
1.09 %
0.18
%
Attempts: 2 of 5 used Submit Answer
Transcribed Image Text:* Your answer is incorrect. Knowledge Check Accounting data of Elk Company are presented here. Net income 2025 Preferred dividends Common stockholders' equity 78,000 $46,845 $49,455 3,600 Save for Later 2025 Return on common stockholders' equity 2024 2024 Return on common stockholders' equity 3,400 77,000 2023 $42,000 Calculate return on common stockholders' equity for 2025 and 2024. (Round your answers to two decimal places (e.g., 45.10%).) 2,500 74,000 1.09 % 0.18 % Attempts: 2 of 5 used Submit Answer
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