Question: The 2016 balance for Mason Electronics reported the following items long dash with 2015 figures given for comparison: Mason Electronics Balance Sheet As of December
The 2016 balance for Mason Electronics reported the following items long dash with 2015 figures given for comparison: Mason Electronics Balance Sheet As of December 31,2016 Mason Electronics Balance Sheet As of December 31,2015 Total Assets $571,000 $494,000 Total Liabilities 330,000 284,000 Total Stockholders' Equity (all common) 241,000 210,000 Total Liabilities and Stockholders' Equity $571,000 $494,000 Net income for 2016 was $25,000. Compute the rate of return on common stockholders' equity for 2016.
A. 4.38%
B.
10.37%
C.
11.09%
D.
4.69%
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