A company reports the following:
$\begin{array}{|l|r|}
\hline \text { Net income } & \$ 350,000 \
\hline \text { Preferred dividends } & 50,000 \
\hline \text { Average stockholders' equity } & 1,000,000 \
\hline \text { Average common stockholders' equity } & 800,000 \
\hline
\end{array}$
Determine the a rate earned on stockholders' equity,and b rate earned on common stockholders' equity . Round to one decimal place.

Question

A company reports the following:
 $\begin{array}{|l|r|}
\hline \text { Net income } & \$ 350,000 \
\hline \text { Preferred dividends } & 50,000 \
\hline \text { Average stockholders' equity } & 1,000,000 \
\hline \text { Average common stockholders' equity } & 800,000 \
\hline
\end{array}$ 
Determine the a rate earned on stockholders' equity,and b rate earned on common stockholders' equity . Round to one decimal place.

Quizplus · Accepted Answer

The Answer of A company reports the following:
 $\begin{array}{|l|r|}
\hline \text { Net income } & \$ 350,000 \
\hline \text { Preferred dividends } & 50,000 \
\hline \text { Average stockholders' equity } & 1,000,000 \
\hline \text { Average common stockholders' equity } & 800,000 \
\hline
\end{array}$ 
Determine the a rate earned on stockholders' equity,and b rate earned on common stockholders' equity . Round to one decimal place.

A Company Reports the Following Determine the a Rate Earned on Stockholders' Equity,and B Rate