Question: 28) The 2019 balance sheet for Standard Electronics reported the following items - with 2018 figures given for comparison: 28) Standard Electronics Balance Sheet As

 28) The 2019 balance sheet for Standard Electronics reported the following

28) The 2019 balance sheet for Standard Electronics reported the following items - with 2018 figures given for comparison: 28) Standard Electronics Balance Sheet As of December 31, 2019 $571,000 Standard Electronics Balance Sheet As of December 31, 2018 $494,000 Total Assets 330,000 284,000 Total Liabilities Total Stockholders' Equity (all common) Total Liabilities and Stockholders' Equity 241,000 210,000 $571,000 $494,000 Net income for 2019 was $25,000. Compute the rate of return on common stockholders' equity for 2019. (Round your final answer to two decimal places.) A) 4.69% B) 11.09% C) 10.37% D) 4.38% 20 Miminolhiccued 14 000 shares of $5 par valua common stock at 12 nar share

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