North Company reports the following amounts for 2017: $\begin{array}{lr}
\text { Net income } & \$ 160,000 \
\text { Average stockholders' equity } & 2,000,000 \
\text { Preferred dividends } & 45,000 \
\text { Par value preferred stock } & 250,000
\end{array}$ The 2017 rate of return on common stockholders' equity is:
A)5.8%.
B)6.6%.
C)8.0%.
D)9.1%.

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The Answer of North Company reports the following amounts for 2017: $\begin{array}{lr}
\text { Net income } & \$ 160,000 \
\text { Average stockholders' equity } & 2,000,000 \
\text { Preferred dividends } & 45,000 \
\text { Par value preferred stock } & 250,000
\end{array}$ The 2017 rate of return on common stockholders' equity is:
A)5.8%.
B)6.6%.
C)8.0%.
D)9.1%.

North Company Reports the Following Amounts for 2017 The 2017 Rate of Return on Common Stockholders' Equity Is