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Assume That All Balance Sheet Amounts for Marley Company Represent

question 188

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Assume that all balance sheet amounts for Marley Company represent average balance figures.  Stockholders’ equity-common $150,000 Total stockholders’ equity 200,000 Sales 100,000 Net income 29,000 Number of shares of common stock 10,000 Common stock dividends 10,000 Preferred stock dividends 4,000\begin{array} { l r } \text { Stockholders' equity-common } & \$ 150,000 \\\text { Total stockholders' equity } & 200,000 \\\text { Sales } & 100,000 \\\text { Net income } & 29,000 \\\text { Number of shares of common stock } & 10,000 \\\text { Common stock dividends } & 10,000 \\\text { Preferred stock dividends } & 4,000\end{array} What is the return on common stockholders' equity for Marley?

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