(Learning Objective Assume that Skippito, Inc., has the following data: Net income for 2010........ Preferred dividends for 2010. Total stockholders' equity, 12/31/2010. Total stockholders' equity, 12/31/2009. Common stockholders' equity, 12/31/2010. Common stockholders' equity, 12/31/2009. Requirements 1. Calculate Skippito's return on equity for 2010. 2. Calculate Skippito's return on common equity for 2010. 3. Comment on Skippito's performance during 2010. $ 223,000 $ 23,000 $1,009,000 $1,384,000 $ 987,000 $1,207,000

(Learning Objective Assume that Skippito, Inc., has the following data: Net income for 2010........ Preferred dividends for 2010. Total stockholders' equity, 12/31/2010. Total stockholders' equity, 12/31/2009. Common stockholders' equity, 12/31/2010. Common stockholders' equity, 12/31/2009. Requirements 1. Calculate Skippito's return on equity for 2010. 2. Calculate Skippito's return on common equity for 2010. 3. Comment on Skippito's performance during 2010. $ 223,000 $ 23,000 $1,009,000 $1,384,000 $ 987,000 $1,207,000

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter2: Developing The Business Idea

Section: Chapter Questions

Problem 1cM

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