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The following information is available for Pharoah Company Average common stockholders' equity Average total stockholders' equity Common dividends declared and paid Preferred dividends declared and paid Net income Payout ratio 2020 Return on common stockholders' equity $1,830,000 2,410,000 75,000 48,000 198,000 2019 2019 $1,070,000 1,830,000 58,000 Compute the payout ratio and return on common stockholders' equity for both years. (Round answers to 0 decimal places, e.g. 15%.) 48,000 152,000 % % 2020 % %

The following information is available for Pharoah Company Average common stockholders' equity Average total stockholders' equity Common dividends declared and paid Preferred dividends declared and paid Net income Payout ratio 2020 Return on common stockholders' equity $1,830,000 2,410,000 75,000 48,000 198,000 2019 2019 $1,070,000 1,830,000 58,000 Compute the payout ratio and return on common stockholders' equity for both years. (Round answers to 0 decimal places, e.g. 15%.) 48,000 152,000 % % 2020 % %

FINANCIAL ACCOUNTING
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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The following information is available for Pharoah Company Average common stockholders' equity Average total stockholders' equity Common dividends declared and paid Preferred dividends declared and paid Net income Payout ratio 2020 Return on common stockholders' equity $1,830,000 2,410,000 75,000 48,000 198,000 2019 2019 $1,070,000 1,830,000 58,000 Compute the payout ratio and return on common stockholders' equity for both years. (Round answers to 0 decimal places, e.g. 15%.) 48,000 152,000 00 % % 2020 % %
Transcribed Image Text:The following information is available for Pharoah Company Average common stockholders' equity Average total stockholders' equity Common dividends declared and paid Preferred dividends declared and paid Net income Payout ratio 2020 Return on common stockholders' equity $1,830,000 2,410,000 75,000 48,000 198,000 2019 2019 $1,070,000 1,830,000 58,000 Compute the payout ratio and return on common stockholders' equity for both years. (Round answers to 0 decimal places, e.g. 15%.) 48,000 152,000 00 % % 2020 % %
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