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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%

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
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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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%
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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