Dixie Company Reports the Following Amounts for 2017 The 2017 Rate of Return on Common Stockholders' Equity Is

question 47

Multiple Choice

Dixie Company reports the following amounts for 2017. $$\begin{array} { l r } \text { Net income } & \$ 300,000 \\\text { Average, stockholders' equity } & 2,000,000 \\\text { Preferred dividends } & 84,000 \\\text { Par value preferred stock } & 400,000\end{array}$$ The 2017 rate of return on common stockholders' equity is

• A) 18.8%.
• B) 13.5%.
• C) 15.0%.
• D) 10.8%.

---

Definitions:

Public Services

Essential services provided by the government to its citizens, such as healthcare, education, and transportation.

Turnover

The total sales of a business in a certain period, or the rate at which employees leave a company and are replaced.

Absenteeism

The habitual non-presence of an employee at their job, often without good reason.

Cultural Factor

An element of the social environment that affects individuals' behaviors, values, and perceptions, and can influence business practices and consumer preferences.