Question: Can you explain the process for solving this financial accounting question accurately? TechGrowth Inc. reported the following financial data for 2023: . Net Income: $120,000

Can you explain the process for solving this financial accounting question accurately?

TechGrowth Inc. reported the following financial data for 2023: . Net Income: $120,000 . Dividends paid to common stockholders: $40,000 . Dividends paid to preferred stockholders: $30,000 . Common stockholders' equity (January 1, 2023): $800,000 . Common stockholders' equity (December 31, 2023): $950,000 What is TechGrowth Inc.'s Return on Common Stockholders' Equity (ROCE) for 2023? Options: A) 12% B) 10% C) 15% D) 8%

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