Kearin Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $8,000. The market price of common stock at the end of Year 2 was $2.02 per share. The company's return on equity for Year 2 is closest to:
A)71.44%
B)4.72%
C)2.97%
D)1.93%

Question

Kearin Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $8,000. The market price of common stock at the end of Year 2 was $2.02 per share. The company's return on equity for Year 2 is closest to:
A)71.44% 
B)4.72% 
C)2.97% 
D)1.93%

Quizplus · Accepted Answer

The Answer of Kearin Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $8,000. The market price of common stock at the end of Year 2 was $2.02 per share. The company's return on equity for Year 2 is closest to:
A)71.44% 
B)4.72% 
C)2.97% 
D)1.93%

Kearin Corporation Has Provided the Following Financial Data