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Craston Company's Net Income Last Year Was $70,000

Question 139

Multiple Choice

Craston Company's net income last year was $70,000. The company paid preferred dividends of $10,000 and its average common stockholders' equity was $480,000. The company's return on common stockholders' equity for the year was closest to:


A) 12.5%
B) 14.6%
C) 16.7%
D) 2.1%

Correct Answer:

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