Farmer Company Reports the Following Amounts for 2015 The 2015 Rate of Return on Common Stockholders' Equity Is

question 247

Multiple Choice

Farmer Company reports the following amounts for 2015: $$\begin{array} { l r } \text { Net income } & \$ 135,000 \\\text { Average stockholders' equity } & 500,000 \\\text { Preferred dividends } & 15,000 \\\text { Par value preferred stock } & 100,000\end{array}$$ The 2015 rate of return on common stockholders' equity is

• A) 30.0%.
• B) 24.0%.
• C) 27.0%.
• D) 33.8%.

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Definitions:

Autism

A developmental disorder characterized by challenges with social interaction, communication, and by restricted and repetitive behavior.

Passive

Characterizing a lack of active response or action, often allowing others to dictate situations or outcomes.

Active

Engaging in physical movement or mental effort; not passive or stationary.

Nurture

The process of caring for and encouraging the growth or development of someone or something.