A company reports the following: Net income........................................$ 375,000 Preferred dividends.................................75,000 Average stockholders' equity..................2,500,000 Average common stockholders' equity.......1,875,000

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A company reports the following:

Net income........................................$ 375,000

Preferred dividends.................................75,000

Average stockholders' equity..................2,500,000

Average common stockholders' equity.......1,875,000

Determine

(a) The return on stockholders' equity

(b) The return on common stockholders' equity. Round percentages to one decimal place.

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Accounting

ISBN: 978-1337899451

27th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: May 08, 2017 11:46 AM

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A company reports the following: Net income........................................$ 375,000 Preferred dividends.................................75,000 Average stockholders' equity..................2,500,000 Average common stockholders' equity.......1,875,000

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