The Following Information Pertains to Benedict Company What Is the Return on Common Stockholders' Equity Ratio for Balance

question 29

Multiple Choice

The following information pertains to Benedict Company. Assume that all balance sheet amounts represent average balance figures. $$\begin{array} { l r } \text { Total assets } & \$ 300,000 \\\text { Stockholders' equity-common } & 150,000 \\\text { Total stockholders' equity } & 200,000 \\\text { Sales revenue } & 100,000 \\\text { Net income } & 25,000 \\\text { Number of shares of common stock } & 6,000 \\\text { Common dividends } & 5,000 \\\text { Preferred dividends } & 7,000\end{array}$$ What is the return on common stockholders' equity ratio for Benedict?

• A)16.7%
• B)12.0%
• C)13.3%
• D)9.0%

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Definitions:

Feathered Serpent

A mythological creature or deity found in various Mesoamerican cultures, often associated with Quetzalcoatl among the Aztecs and Kukulkan among the Maya, symbolizing fertility and the cosmic balance.

Mesoamerican

Pertaining to the region and cultures of central and southern America before the Spanish conquest, including the Maya, Aztec, and Olmec civilizations.

Quetzalcoatl

A Mesoamerican deity whose name means 'Feathered Serpent,' revered in various cultures such as the Aztec and Maya, symbolizing fertility, creativity, and the cosmic.

Maya Art

Represents the art of the Maya civilization, notable for its intricate sculptures, paintings, and architectural achievements, deeply intertwined with their cultural and religious practices.