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Clover Company's Net Income Last Year Was $80,000

Question 1

Multiple Choice

Clover Company's net income last year was $80,000.The company paid preferred dividends of $12,000 and its average common stockholders' equity was $340,000.The company's return on common stockholders' equity for the year was closest to


A) 27.1%.
B) 3.5%.
C) 20.0%.
D) 23.5%.

Correct Answer:

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