Question: Do It! Review 11-04 x Your answer is incorrect. Try again. On January 1, 2020, Oriole Company purchased 1,600 shares of treasury stock. Other information
Do It! Review 11-04 x Your answer is incorrect. Try again. On January 1, 2020, Oriole Company purchased 1,600 shares of treasury stock. Other information regarding Oriole Company is provided as follows. 2019 2020 Net income $195,000 $220,000 Dividends on preferred stock $ 26,000 $ 26,000 Dividends on common stock $ 22,000 $ 26,000 Weighted average number of common shares outstanding 11,000 9.400 Common stockholders' equity beginning of year $604,000 $667.000 Common stockholders' equity end of year $667.000 $749,000 Compute return on common stockholders' equity for each year. (Round return on common stockholders' to I decimal place, ed. 10.5.) 2019 2020 Return on common stockholders' equity Click if you would like to Show Work for this question Open Show Work
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