On Jan01 Corp purchased 5,000 shares of treasury stock. Other info regarding the corp is as follows: Net Income Dividends on Preferred Stock Dividends on Common Stock Weighted Average number of common shares outstanding Common stockholders equity beginning of the year Common stockholders equity end of year 2022 110,000 30,000 25,000 45,000 750,000 830,000 2021 100,000 30,000 20,000 50,000 600,000 750,000 (a) Compute return on common stockholders' equity for each year, Return on common stockholders equity: 2021 2022
On Jan01 Corp purchased 5,000 shares of treasury stock. Other info regarding the corp is as follows: Net Income Dividends on Preferred Stock Dividends on Common Stock Weighted Average number of common shares outstanding Common stockholders equity beginning of the year Common stockholders equity end of year 2022 110,000 30,000 25,000 45,000 750,000 830,000 2021 100,000 30,000 20,000 50,000 600,000 750,000 (a) Compute return on common stockholders' equity for each year, Return on common stockholders equity: 2021 2022
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.12MCP
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