Multiple Choice
A company has $510,000 in Average common stockholders' equity, Net income of $312,000, and Preferred dividends paid of $15,000. What is the rate of return on common stockholders' equity?
A) 58.2%
B) 61.2%
C) 59.3%
D) 62.0%
Correct Answer:
Verified
Correct Answer:
Verified
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