Common Stockholders' Profitability Analysis A company

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
$130,000
Preferred dividends
5,200
Average stockholders' equity
1,150,442
Average common stockholders' equity
583,178
Determine (a) the return on stockholders' equity and (b) the return on common stockholders' equity. If required, round your answers to one decimal place
a. Return on Stockholders' Equity
%
b. Return on Common Stockholders' Equity
%
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Transcribed Image Text:engageNOWv2 | Online teachin x * CengageNOWv2 | Online teachir x + Lcom/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre.. Common Stockholders' Profitability Analysis A company reports the following: Net income $130,000 Preferred dividends 5,200 Average stockholders' equity 1,150,442 Average common stockholders' equity 583,178 Determine (a) the return on stockholders' equity and (b) the return on common stockholders' equity. If required, round your answers to one decimal place a. Return on Stockholders' Equity % b. Return on Common Stockholders' Equity % Previous Next Check My Work Email Instructor Save and Exit Submit Assignment for Grading All work saved. 12:02 PM (? 69°F Sunny A O E O a ) 12/3/2021 prt sc delete home no 1l 40 backspacO lock &
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