Salliq Ltd. reported the following selected information for the year ended January 31, 2018: net income, $14,000;

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Salliq Ltd. reported the following selected information for the year ended January 31, 2018: net income, $14,000; beginning shareholders' equity, $104,000; and ending shareholders' equity, $122,000. Salliq has no preferred shares.

(a) Calculate the return on common shareholders' equity.

(b) Explain how your calculation in part BE11.18 (a) would change if Salliq had preferred shares and had paid the preferred shareholders a dividend.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119368458

7th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jun 15, 2017 09:24 AM

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Salliq Ltd. reported the following selected information for the year ended January 31, 2018: net income, $14,000;

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Financial Accounting Tools for Business Decision Making

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