The following information pertains to Wildhorse Co. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

Income Statement
Liabilities and Stockholders’ Equity
Assets
Cash and short-term investments	$  49400
Accounts receivable (net)	29900
Inventory	27500
Property, plant and equipment	212000
Total Assets	$318800
Current liabilities	$  64600
Long-term liabilities	84200
Stockholders’ equity—common	170000
Total Liabilities and Stockholders’ Equity	$318800
Sales revenue	$112000
Cost of goods sold	73300
Gross profit	38700
Operating expenses	17200
Net income	$ 21500
Number of shares of common stock	13700
Market price of common stock	$19
Dividends per share on common stock	2.3
Cash provided by operations	$30000

What is the return on common stockholders’ equity for this company?

15.4%
22.8%
11.5%
12.6%

Answer rating: 100% (QA)

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