Reference no: EM132172041
Question - Assume that Skippito, Inc., has the following data:
Net Income for 2010 - $223,000.
Preferred dividends for 2010 - $23,000.
Total stockholders' equity 12/31/2010 - $1,009,000.
Total stockholders' equity, 12/31/2009 - $1,384,000.
Common stockholders' equity 12/31/2010 - $987,000.
Common stockholders' equity 12/31/2009 - $1,207,000.
Calculate Skippito's return on equity for 2010?
Calculate Skippito's return on common equity for 2010?
Comment of Skippito's performance during 2010?