During 2019, Crockett, Inc.'s net income was $200,000. Its common stockholders equity was $700,000 at January 1, 2019 and $800,000 at December 31 2019. During December 2019, Crockett's board of directors declared a $25,000 preferred stock dividend and a $60,000 common stock dividend. What is Crockett's 2019 return on common stockholders' equity? Select one: a. 15.6%. b. 10.0%. c. 23.0% d. 16.7%. e. None of the above

During 2019, Crockett, Inc.'s net income was $200,000. Its common stockholders equity was $700,000 at January 1, 2019 and $800,000 at December 31 2019. During December 2019, Crockett's board of directors declared a $25,000 preferred stock dividend and a $60,000 common stock dividend. What is Crockett's 2019 return on common stockholders' equity? Select one: a. 15.6%. b. 10.0%. c. 23.0% d. 16.7%. e. None of the above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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