Multiple Choice
A company had a return on common stockholders' equity of 25%.Net income equaled $200,000 and average common stockholders' equity equaled $700,000.Compute the amount of the preferred dividends declared.
A) $200,000
B) $500,000
C) $50,000
D) $25,000
E) $175,000
Correct Answer:
Verified
Correct Answer:
Verified
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