Question

The following information pertains to Montague Corporation:
Net income ................ $1,420,000
Average common equity .......... $18,650,000
Preferred dividends ............ $245,500
Average common shares outstanding ...... 625,000

Required:
Calculate the return on common equity and the earnings per share. (Note: Round answers to two decimal places.)


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  • CreatedSeptember 22, 2015
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