Dils Brothers' 2019 balance sheet shows average stockholders' equity of $36,000 million, net operating profit after tax of $2,280 million, net income of $760 million, and common shares issued of $3,832 million.
The company has no preferred shares issued. Dils Brothers' return on common stockholders' equity for the year is:
A) 19.83%
B) 2.11%
C) 6.33%
D) 7.30%

Question

Quizplus · Accepted Answer

The Answer of Dils Brothers' 2019 balance sheet shows average stockholders' equity of $36,000 million, net operating profit after tax of $2,280 million, net income of $760 million, and common shares issued of $3,832 million.
The company has no preferred shares issued. Dils Brothers' return on common stockholders' equity for the year is:
A) 19.83%
B) 2.11%
C) 6.33%
D) 7.30%

Dils Brothers' 2019 Balance Sheet Shows Average Stockholders' Equity of $36,000