XYZ Inc paid preferred dividends $8,500, reported a net income of $95,000, preferred stock of $50,000 and total equity of $515,000. What is the return on common equity? O 18.60% 19.00% 16.80% 18.45%
XYZ Inc paid preferred dividends $8,500, reported a net income of $95,000, preferred stock of $50,000 and total equity of $515,000. What is the return on common equity? O 18.60% 19.00% 16.80% 18.45%
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 38MCQ
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XYZ Inc paid preferred dividends $8,500, reported a net income of $95,000,
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