The following information pertains to Capital Corporation: Net income ............................................. $1,005,000 Average common equity ............................ $16,500,000 Preferred
Question:
Net income ............................................. $1,005,000
Average common equity ............................ $16,500,000
Preferred stock, $10 par, 230,000
issued, 10% cumulative ................................ $2,300,000
Average common shares outstanding .................... 525,000
Required:
Calculate the return on common equity and the earnings per share?
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