Common Stockholders' Profitability Analysis A company reports the following: Net income $295,000 Preferred dividends 11,800 Average stockholders' equity 2,543,103 Average common stockholders' equity 1,305,069 Determine (a) the return on stockholders’ equity and (b) the return on common stockholders’ equity. If required, round your answers to one decimal place .

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Common Stockholders' Profitability Analysis A company reports the following: Net income $295,000 Preferred dividends 11,800 Average stockholders' equity 2,543,103 Average common stockholders' equity 1,305,069 Determine (a) the return on stockholders’ equity and (b) the return on common stockholders’ equity. If required, round your answers to one decimal place .

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