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Excerpts from Melby Corporation's Most Recent Balance Sheet Appear Below

Question 41

Multiple Choice

Excerpts from Melby Corporation's most recent balance sheet appear below: Excerpts from Melby Corporation's most recent balance sheet appear below: Net income for Year 2 was $94,000. Dividends on common stock were $33,000 in total and dividends on preferred stock were $11,000 in total. The return on common stockholders' equity for Year 2 is closest to: A) 7.8% B) 7.4% C) 4.8% D) 8.8%
Net income for Year 2 was $94,000. Dividends on common stock were $33,000 in total and dividends on preferred stock were $11,000 in total. The return on common stockholders' equity for Year 2 is closest to:


A) 7.8%
B) 7.4%
C) 4.8%
D) 8.8%

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