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Cadarette Corporation's Most Recent Balance Sheet and Income Statement Appear

Question 42

Multiple Choice

Cadarette Corporation's most recent balance sheet and income statement appear below: Cadarette Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $17.73 per share. -The return on total assets for Year 2 is closest to: A) 7.75% B) 8.67% C) 7.69% D) 8.61% Cadarette Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $17.73 per share. -The return on total assets for Year 2 is closest to: A) 7.75% B) 8.67% C) 7.69% D) 8.61% Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $17.73 per share.
-The return on total assets for Year 2 is closest to:


A) 7.75%
B) 8.67%
C) 7.69%
D) 8.61%

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