Multiple Choice
Use the following information to answer questions
On December 31, 2009 and 2010, the equity sections of Deveraux Corporation's balance sheet were as follows:
Total shares authorized, issued, and outstanding on December 31, 2010 are listed below. 2010 common and preferred dividends are also listed below.
Deveraux's 2010 net income is $200,000. The market price of the common stock in 2010 was $25 per share.
-What is Deveraux's return on equity for 2010?
A) 43.0%
B) 45.1%
C) 46.2%
D) 66.1%
E) 61.9%
Correct Answer:
Verified
Correct Answer:
Verified
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