Question

Assume that Apex, Inc. has the following data:
Net income for 2014 ............... $ 127,000
Preferred dividends for 2014 ............ 23,000
Total shareholders’ equity, 12/31/2014 ..... 1,627,000
Total shareholders’ equity, 12/31/2013 ..... 1,589,000
Common shareholders’ equity, 12/31/2014 ..... 1,484,000
Common shareholders’ equity, 12/31/2013 ..... 1,392,000
Requirements
1. Calculate Apex’s return on equity for 2014.
2. Calculate Apex’s return on common equity for 2014.
3. Comment on Apex’s performance during 2014.


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  • CreatedJuly 08, 2015
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