Multiple Choice
Crabtree Company's net income last year was $50,000.The company paid preferred dividends of $20,000 and its average common shareholders' equity was $440,000.The company's return on common shareholders' equity for the year was closest to:
A) 4.5%.
B) 6.8%.
C) 11.4%.
D) 15.9%.
Correct Answer:
Verified
Correct Answer:
Verified
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