LaSalle Exploration Company reported these figures for 2018 and 2017: Compute rate of return on common stockholders'
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Compute rate of return on common stockholders' equity for 2018 assuming no dividends were declared or paid to preferred stockholders.
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2017 2018 Income Statement-partial: $ 14,800 $ 19,200 Net Income Dec. 31, 2017 Dec. 31, 2018 Balance Sheet-partial: $ 323,000 $ 2,100 $ 314,000 $ 2,100 Total Assets Preferred Stock Common Stock 178,000 168,000 Retained Earnings 11,000 7,000 Total Stockholders' Equity $ 191,100 $ 177,100
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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