(a) The following is from a Statement of Shareholders' Equity for 2021. Calculate rate of return...

 

Transcribed Image Text:

(a) The following is from a Statement of Shareholders' Equity for 2021. Calculate rate of return on common shareholders' equity for the year. Amounts in $ thousands Balance at January 1, 2021 Issuance of common stock 119,546 14,329 Issuance pursuant to stock option plans 3,429 Net income, 2021 19,572 Preferred stock dividends (2,279) Common stock dividends (3,914) Foreign currency translation loss (713) Unrealized gains on securities available for sale 427 30.851 150.397 (b) The income statement for the same firm is as follows (amounts in $ thousands): (a) The following is from a Statement of Shareholders' Equity for 2021. Calculate rate of return on common shareholders' equity for the year. Amounts in $ thousands Balance at January 1, 2021 Issuance of common stock 119,546 14,329 Issuance pursuant to stock option plans 3,429 Net income, 2021 19,572 Preferred stock dividends (2,279) Common stock dividends (3,914) Foreign currency translation loss (713) Unrealized gains on securities available for sale 427 30.851 150.397 (b) The income statement for the same firm is as follows (amounts in $ thousands):