Below is the financial data for Arla Inc. for the year ended December 31, 2020: Market price per share.... Net Income.... $150.00 $1,750,000 Preferred Dividends declared.... $75,000 Average # of common shares..... Dividends per share.... Average common shareholders' equity... Total assets.... Total Liabilities... Accumulated Other Comprehensive Income.... 100,000 $2.50 10,000,000 $22,500,000 $11,675,000 $185,000 Instructions Calculate the Return on shareholders' equity (use up to 2 decimal places and do not include a % s

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Below is the financial data for Arla Inc. for the year ended December 31, 2020:
Market price per share...
Net Income......
$150.00
$1,750,000
Preferred Dividends declared...
$75,000
Average # of common shares.......
Dividends per share......
Average common shareholders' equity.....
Total assets.....
Total Liabilities...
Accumulated Other Comprehensive Income.....
100,000
$2.50
10,000,000
$22,500,000
$11,675,000
$185,000
Instructions
Calculate the Return on shareholders' equity (use up to 2 decimal places and do not include a % sign)
Transcribed Image Text:Below is the financial data for Arla Inc. for the year ended December 31, 2020: Market price per share... Net Income...... $150.00 $1,750,000 Preferred Dividends declared... $75,000 Average # of common shares....... Dividends per share...... Average common shareholders' equity..... Total assets..... Total Liabilities... Accumulated Other Comprehensive Income..... 100,000 $2.50 10,000,000 $22,500,000 $11,675,000 $185,000 Instructions Calculate the Return on shareholders' equity (use up to 2 decimal places and do not include a % sign)
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