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What is the company return on common stockholders equity

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Reference no: EM131827599

Question - Carrier Company reported net income of $360,000 and paid dividends of $30,000 on its preferred stock during the current year. Other selected financial data for the company includes the following:

Beginning of Year End of Year

Common stock $900,000 $1,200,000

Preferred stock 375,000 375,000

Retained earnings 225,000 555,000

What is the company's return on common stockholders' equity for the year?

Reference no: EM131827599

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