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Use the Following Information for Questions 64 Through 69

Question 14

Multiple Choice

Use the following information for questions 64 through 69.
The following data are provided: Use the following information for questions 64 through 69. The following data are provided: Additional information: Depreciation included in cost of goods sold and operating expenses is $610,000. On May 1, 2015, 30,000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2015. -The return on common stock equity for 2015 is A) 750 ÷ 3,600. B) 750 ÷ 4,000. C) 650 ÷ 3,600. D) 650 ÷ 4,000. Additional information:
Depreciation included in cost of goods sold and operating expenses is $610,000. On May 1, 2015, 30,000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2015.
-The return on common stock equity for 2015 is


A) 750 ÷ 3,600.
B) 750 ÷ 4,000.
C) 650 ÷ 3,600.
D) 650 ÷ 4,000.

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