Jackson Inc. reported net income of ($ 186,000) during 2025 and paid dividends of ($ 26,000) on
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Jackson Inc. reported net income of \(\$ 186,000\) during 2025 and paid dividends of \(\$ 26,000\) on common stock. It also paid dividends on its 10,000 shares of \(6 \%, \$ 100\) par value, noncumulative preferred stock. Common stockholders' equity was \(\$ 1,200,000\) on January 1,2025 , and \(\$ 1,600,000\) on December 31 , 2025. The company's return on common stockholders' equity for 2025 is:
a. \(10.0 \%\).
b. \(9.0 \%\),
c. \(7.1 \%\).
d. \(13.3 \%\).
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119791089
10th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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