Assume that Hanson Industrial Supply Inc has the following data
Assume that Hanson Industrial Supply, Inc., has the following data:
Net income for 2012 ........................................................................................ $ 251,875
Preferred dividends for 2012 ........................................................................... $ 5,875
Total stockholders’ equity, 12/31/2012............................................................ $1,750,000
Total stockholders’ equity, 12/31/2011 ............................................................ $1,500,000
Common stockholders’ equity, 12/31/2012 ..................................................... $1,590,000
Common stockholders’ equity, 12/31/2011 ..................................................... $1,410,000

Requirements
1. Calculate Hanson Industrial Supply’s return on equity for 2012.
2. Comment on Hanson Industrial Supply’s performance during 2012.

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