asked 75.4k views
1 vote
A company reports the following:

Net income $197,000
Preferred dividends 11,170
Average stockholders' equity 1,211,200
Average common stockholders' equity 844,280
Round percentages to one decimal place.

a. Determine the return on stockholders' equity.
%?

b. Determine the return on common stockholders' equity.
%?

1 Answer

4 votes
U have to use the range method
answered
User Sachin Tyagi
by
8.2k points
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