Barker Inc.'s shareholders' equity balance on January 1, 2015, was $32,645. It reported the following account balances

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Barker Inc.'s shareholders' equity balance on January 1, 2015, was $32,645. It reported the following account balances as at December 31, 2015:

Net income ...................................$21,340

Shareholders' equity ........................ 37,830

Preferred dividends paid .................. 7,000

Calculate the return on common shareholders' equity at December 31, 2015

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Accounting Volume 2

ISBN: 978-0176509743

2nd Canadian edition

Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren

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Question Posted: Dec 15, 2017 08:12 AM

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Barker Inc.'s shareholders' equity balance on January 1, 2015, was $32,645. It reported the following account balances

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Accounting Volume 2

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