Whispering Winds Corp. had a net income of $79,130 and paid dividends of $31,000 to common stockholders and $20,000 to preferred stockholders in 2017. Whispering Winds Corp. common stockholders' equity at the beginning and end of 2017 was $495,000 and $600,000, respectively. Whispering Winds Corp. return on common stockholders' equity is: a. 11% b. 6% c. 10% d. 15%
Whispering Winds Corp. had a net income of $79,130 and paid dividends of $31,000 to common stockholders and $20,000 to preferred stockholders in 2017. Whispering Winds Corp. common stockholders' equity at the beginning and end of 2017 was $495,000 and $600,000, respectively. Whispering Winds Corp. return on common stockholders' equity is: a. 11% b. 6% c. 10% d. 15%
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
Chapter13: Financial Statement Analysis
Section: Chapter Questions
Problem 13.16E
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![Whispering Winds Corp. had a net income of $79,130 and paid
dividends of $31,000 to common stockholders and $20,000 to
preferred stockholders in 2017. Whispering Winds Corp. common
stockholders' equity at the beginning and end of 2017 was
$495,000 and $600,000, respectively. Whispering Winds Corp.
return on common stockholders' equity is:
a. 11%
b. 6%
c. 10%
d. 15%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fee8fb158-90f8-4d4d-9fbb-005944a10226%2F8327d74b-83c3-4cdc-82b3-bcfa94e1ba1a%2Fyyls8vj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Whispering Winds Corp. had a net income of $79,130 and paid
dividends of $31,000 to common stockholders and $20,000 to
preferred stockholders in 2017. Whispering Winds Corp. common
stockholders' equity at the beginning and end of 2017 was
$495,000 and $600,000, respectively. Whispering Winds Corp.
return on common stockholders' equity is:
a. 11%
b. 6%
c. 10%
d. 15%
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