Recovery Solutions, Inc.Comparative financial statements are provided below:
-Refer to Recovery Solutions, Inc. Calculate the return on common equity ratio for 2021 and 2020. Assume that preferred stock and total stockholders' equity at June 30, 2019, were $3,157 and $969,000, respectively.

Question

Recovery Solutions, Inc.Comparative financial statements are provided below:  ​ 
-Refer to Recovery Solutions, Inc. Calculate the return on common equity ratio for 2021 and 2020. Assume that preferred stock and total stockholders' equity at June 30, 2019, were $3,157 and $969,000, respectively.

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The Answer of Recovery Solutions, Inc.Comparative financial statements are provided below:  ​ 
-Refer to Recovery Solutions, Inc. Calculate the return on common equity ratio for 2021 and 2020. Assume that preferred stock and total stockholders' equity at June 30, 2019, were $3,157 and $969,000, respectively.