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Calculate skippitos return on equity for 2010

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Reference no: EM131708830

Calculating return on equity (Learning Objective) 10-15 min.

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 $9,137,000
Common stockholders' equity, 12/31/2009 $1,207,000

Requirements

1. Calculate Skippito's return on equity for 2010.

2. Calculate Skippito's return on common equity for 2010.

3. Comment on Skippito's performance during 2010.

Reference no: EM131708830

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