Calculate skippito return on common equity

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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?

Reference no: EM132172041

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