The net income of a company for the year was $600,000. The company has no preferred stock. Common stockholders' equity was $1,200,000 at the beginning of the year and $2,500,000 at the end of the year. Calculate the rate of return on common stockholders' equity. (Round your answer to two decimal places.)
A) 24.00%
B) 19.35%
C) 50.00%
D) 32.43%

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The Answer of The net income of a company for the year was $600,000. The company has no preferred stock. Common stockholders' equity was $1,200,000 at the beginning of the year and $2,500,000 at the end of the year. Calculate the rate of return on common stockholders' equity. (Round your answer to two decimal places.)
A) 24.00%
B) 19.35%
C) 50.00%
D) 32.43%

The Net Income of a Company for the Year Was