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The following information is available for Wendy's: 2006 2005 Common stockholders' equity $1,100,000 $900,000 Dividends paid to common $62,500 $57,600 stockholders Dividends paid paid to preferred $25,000 $20,000 stockholders Net income Common shares outstanding Calculate Return on equity for 2006. $250,000 $240,000 100,000 100,000

The following information is available for Wendy's: 2006 2005 Common stockholders' equity $1,100,000 $900,000 Dividends paid to common $62,500 $57,600 stockholders Dividends paid paid to preferred $25,000 $20,000 stockholders Net income Common shares outstanding Calculate Return on equity for 2006. $250,000 $240,000 100,000 100,000

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 Wendy's: 2006 2005 Common stockholders' equity $1,100,000 $900,000 Dividends paid to common $62,500 $57,600 stockholders Dividends paid paid to preferred $25,000 $20,000 stockholders Net income Common shares outstanding Calculate Return on equity for 2006. $250,000 $240,000 100,000 100,000
Transcribed Image Text:The following information is available for Wendy's: 2006 2005 Common stockholders' equity $1,100,000 $900,000 Dividends paid to common $62,500 $57,600 stockholders Dividends paid paid to preferred $25,000 $20,000 stockholders Net income Common shares outstanding Calculate Return on equity for 2006. $250,000 $240,000 100,000 100,000
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