Presented below is information related to Orender, Inc.

 

What is Orender's rate of return on common stock equity for 2015?

Transcribed Image Text:

December 31, 2015 $75,000 350,000 90,000 35,000 2014 $60,000 350,000 75,000 32,000 Common stock 4% Preferred stock Retained earnings (includes net income for current year) Net income for year December 31, 2015 $75,000 350,000 90,000 35,000 2014 $60,000 350,000 75,000 32,000 Common stock 4% Preferred stock Retained earnings (includes net income for current year) Net income for year