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Compute return on common stockholders equity for each year

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Reference no: EM132440635

Question - On January 1, 2022, Pina Colada Corp. purchased 5,000 shares of treasury stock. Other information regarding Pina Colada Corp. is provided as follows.

 

2022

2021

Net income

$107,700

$100,000

Dividends on preferred stock

$27,895

$27,895

Dividends on common stock

$27,800

$18,950

Weighted-average number of common shares outstanding

36,800

55,000

Common stockholders' equity beginning of year

$715,000

$550,000

Common stockholders' equity end of year

$736,000

$715,000

Required - Compute return on common stockholders' equity for each year.

Reference no: EM132440635

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