Question: Assume that Skippito Inc has the following data Net income for

Assume that Skippito, Inc. has the following data:
Net income for 2014 .............. $ 223,000
Preferred dividends for 2014 ............ 23,000
Total shareholders’ equity, 12/31/2014 ...... 1,009,000
Total shareholders’ equity, 12/31/2013 ...... 1,384,000
Common shareholders’ equity, 12/31/2014 ...... 987,000
Common shareholders’ equity, 12/31/2013 ...... 1,207,000
Requirements
1. Calculate Skippito's return on equity for 2014.
2. Calculate Skippito's return on common equity for 2014.
3. Comment on Skippito's performance during 2014.



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  • CreatedJuly 08, 2015
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