Haidary Inc. showed the following balances for last year: Haidary's net income for last year was $3,182,000.

Question:

Haidary Inc. showed the following balances for last year:

Haidary's net income for last year was $3,182,000.

Required:
1. Calculate the average common stockholders' equity.
2. Calculate the return on stockholders'equity.

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Cornerstones of Managerial Accounting

ISBN: 978-0324660135

3rd Edition

Authors: Mowen, Hansen, Heitger

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Question Posted: Feb 04, 2012 12:22 AM

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Haidary Inc. showed the following balances for last year: Haidary's net income for last year was $3,182,000.

Question:

January 1 $4,000,000 4,800,000 $15,800,000 December 31 Stockholders' equity: $4,000,000 3,000,000 4,800,000 4,250,000 $16,050,000 Preferred stock, $100 par, 8% Common stoc, $3 par Additional paid-in capital+ Retained earnings 3,000,000 Total equity For common stock anly.

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1 Average common stockholders equity Beginning common stockho...View the full answer

Cornerstones of Managerial Accounting

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