The following information pertains to Sheffield Corp Assume that all balance sheet amounts represent average balance figures Total assets $ 265000 Stockholders ' equity common 132500 Total stockholders ' equity 187500 Sales revenue 97500 Net income 31500 Number of shares of common stock 6500 Common...

The following information pertains to Sheffield Corp . Assume that all balance sheet amounts represent average balance

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The following information pertains to Sheffield Corp. Assume that all balance sheet amounts represent average balance figures.

Total assets	$265000
Stockholders' equity-common	132500
Total stockholders' equity	187500
Sales revenue	97500
Net income	31500
Number of shares of common stock	6500
Common dividends	5500
Preferred dividends	8000

What is the return on common stockholders' equity ratio for Sheffield?

14.7%

19.0%

22.4%

17.7%

Related Book For answer-question

Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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Posted Date: Feb 13, 2022 04:29 PM

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The following information pertains to Sheffield Corp . Assume that all balance sheet amounts represent average balance

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Advanced Accounting

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