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Selected financial information is shown below additionally

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Selected financial information is shown below. Additionally we know that cash dividends declared and paid during YEAR 2 totaled $173,000, of which $20,000 were preferred dividends. The market price of a share common stock on December 31, Year 2 was $200. Use the information to calculate the return on common stockholders' equity for YEAR 2. Round your final answers to two places after the decimal point.

  • Year 2 Year 1
  • Stockholder's Equity:
  • Preferred stock, $10 par, 10% $200,000 $200,000
  • Common stock, $10 par $200,000 $200,000
  • Additional paid-in capital common stock 180,000 180,000
  • Retained Earnings 1,460,000 1,340,000
  • Total stockholders' equity $2,040,000 $1,920,000
  • Total liabilities & stockholders' equity $2,500,000 $2,430,000
  • Net Income $300,000

Reference no: EM13600319

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