The net income of a company for the year was $570,000. The company has no preferred stock. Common stockholders' equity was $1,700,000 at the beginning of the year and $2,300,000 at the end of the year. Calculate the rate of return on common stockholders' equity. (Round your answer to two decimal places.) A 33.53% B 28.50% C 24.78% D 19.86%
The net income of a company for the year was $570,000. The company has no preferred stock. Common stockholders' equity was $1,700,000 at the beginning of the year and $2,300,000 at the end of the year. Calculate the rate of return on common stockholders' equity. (Round your answer to two decimal places.) A 33.53% B 28.50% C 24.78% D 19.86%
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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The net income of a company for the year was $570,000. The company has no
A | 33.53% |
B | 28.50% |
C | 24.78% |
D | 19.86% |
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