View Policies Current Attempt in Progress On January 1, 2022, Wildhorse Co. purchased 1,400 shares of treasury stock. Other information regarding Wildhorse Co. is provided as follows. 2022 2021 Net income Dividends on preferred stock $210,000 $205,000 $ 25,000 $ 25,000 Dividends on common stock $ 26,000 $ 22,000 Weighted-average number of common shares outstanding 9,600 11,000 Common stockholders' equity beginning of year $661,000 $601,000 Common stockholders' equity end of year $741,000 $661,000 (a) Compute return on common stockholders' equity for each year. (Round return on common stockholders' to 1 decimal place, e.g. 10.5.) 2022 2021

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 36CE: Preferred Stock Dividends Seashell Corporation has 25,000 shares outstanding of 8%, S10 par value,...
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View Policies
Current Attempt in Progress
On January 1, 2022, Wildhorse Co. purchased 1,400 shares of treasury stock. Other information regarding Wildhorse Co. is provided
as follows.
2022
2021
Net income
Dividends on preferred stock
$210,000
$205,000
$ 25,000
$ 25,000
Dividends on common stock
$ 26,000
$ 22,000
Weighted-average number of common shares outstanding
9,600
11,000
Common stockholders' equity beginning of year
$661,000
$601,000
Common stockholders' equity end of year
$741,000
$661,000
(a)
Compute return on common stockholders' equity for each year. (Round return on common stockholders' to 1 decimal place, e.g. 10.5.)
2022
2021
Transcribed Image Text:View Policies Current Attempt in Progress On January 1, 2022, Wildhorse Co. purchased 1,400 shares of treasury stock. Other information regarding Wildhorse Co. is provided as follows. 2022 2021 Net income Dividends on preferred stock $210,000 $205,000 $ 25,000 $ 25,000 Dividends on common stock $ 26,000 $ 22,000 Weighted-average number of common shares outstanding 9,600 11,000 Common stockholders' equity beginning of year $661,000 $601,000 Common stockholders' equity end of year $741,000 $661,000 (a) Compute return on common stockholders' equity for each year. (Round return on common stockholders' to 1 decimal place, e.g. 10.5.) 2022 2021
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