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  3. Study Set
    College Accounting
  4. Exam
    Exam 23: Financial Statement Analysis
  5. Question
    Because the Number of Shares of Common Stock Outstanding During
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Because the Number of Shares of Common Stock Outstanding During

Question 12

Question 12

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Because the number of shares of common stock outstanding during the year can fluctuate, computing return on common stockholders' equity is not a useful indicator of profitability.

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