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
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 Total Assets $ 572 comma 000 $572,000 Mason Electronics Balance Sheet As of December 31,2015 $ 488 comma 000 $488,000 Total Liabilities Total Stockholders' Equity (all common) Total Liabilities and Stockholders' Equity Net income for 2016 was $ 24 comma 000 329 comma 000 329,000 279 comma 000 279,000 243 comma 000 243,000 209 comma 000 209,000 $ 488 comma 000 $488,000 $ 572 comma 000 $572,000 $24,000. Compute the rate of return on common stockholders' equity for 2016. (Round your final answer to two decimal places.) A. 4.2 4.2% B. 4.53 4.53% C. 9.88 9.88% D. 10.62 10.62%
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