Louisville Exploration Company reported these figures for 2016 and 2015: Compute rate of return on common stockholders
Question:
Compute rate of return on common stockholders equity for 2016 assuming no dividends were paid to preferred stockholders.
Transcribed Image Text:
2016 2015 Income Statement-partial: Net Income Balance Sheet-partial: $ 15,500,000 18,800,000 Total Assets Preferred Stock Common Stock Retained Earnings Total Stockholders' Equity Dec. 31, 2016 324,000,000 2,600,000 180,000,000 7,000,000 189,600,000 Dec. 31, 2015 316,000,000 2,600,000 171,000,000 5,500,000 179,100,000
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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