Whetzel Corporation reported net income of $152,000, declared dividends on common stock of $50,000, and had an

Question:

Whetzel reported net income of $152,000, declared dividends on of $50,000, and had an ending balance in retained earnings of $360,000. Common stockholders’ equity was $700,000 at the beginning of the year and $820,000 at the end of the year. Compute the return on common stockholders’ equity.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...