Question

Assume that Pembrook, Inc., has the following data:
Net income for 2012 ........................................................................................ $ 131,200
Preferred dividends for 2012 ........................................................................... $ 23,400
Total stockholder’s equity, 12/31/2012............................................................ $1,630,000
Total stockholder’s equity, 12/31/2011 ............................................................ $1,570,000
Common stockholder’s equity, 12/31/2012 ..................................................... $1,420,000
Common stockholder’s equity, 12/31/2011 ..................................................... $1,380,000

Requirements
1. Calculate Pembrook’s return on equity for 2012.
2. Comment on Pembrook’s performance during 2012.



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  • CreatedApril 29, 2014
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