Homework Help is Here – Start Your Trial Now!
Business
Accounting
Calculate the 2022 Return on Common Stockholder's Equity ratio.

Calculate the 2022 Return on Common Stockholder's Equity ratio.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

The answer I come up with is 28.4 but it's saying it isn't correct can you please help me with this I am struggling. 

Calcul X 19 tio Calculations X b Success Confirmation of Questic x | + Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet Current Assets Cash and cash equivalents Accounts receivable (net) Current liabilities Property, plant, and equipment Intangibles and other assets Inventory Prepaid expenses Total current assets Total liabilities and stockholder's equity Murawski Company Income Statement For the Years Ended December 31 Costs and expenses Long-term liabilities Stockholder's equily common 1.030 Income Statement Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 Income before income taxes 1,380 Income tax expense Net Income $2.340 10 2022 $3,800 25 160 2021 $3,460 2,330 20 3,240 6.5 $154 Calculate the 2022 Return on Common Stockholder's Equity ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 Example 800 294 < ▸ E Return on Common Stockholder's Equity Ratio 2022 1035 1.88 V Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.
Transcribed Image Text:Calcul X 19 tio Calculations X b Success Confirmation of Questic x | + Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet Current Assets Cash and cash equivalents Accounts receivable (net) Current liabilities Property, plant, and equipment Intangibles and other assets Inventory Prepaid expenses Total current assets Total liabilities and stockholder's equity Murawski Company Income Statement For the Years Ended December 31 Costs and expenses Long-term liabilities Stockholder's equily common 1.030 Income Statement Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 Income before income taxes 1,380 Income tax expense Net Income $2.340 10 2022 $3,800 25 160 2021 $3,460 2,330 20 3,240 6.5 $154 Calculate the 2022 Return on Common Stockholder's Equity ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 Example 800 294 < ▸ E Return on Common Stockholder's Equity Ratio 2022 1035 1.88 V Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.
Expert Solution
Step 1

Return on stockholders' equity is calculated by dividing the net income of the company by the common stockholders' equity of the company.

 

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS