The Following Is from Nantucket Limited's Records for 2017 During 2017, the Company Paid Dividends of $15,000 on Its

question 95

Multiple Choice

The following is from Nantucket Limited's records for 2017: $\begin{array}{lr}\text { ACCOUNT BALANCES}&\text { JANUARY } 1&\text { DECEMBER } 31\\\text { COMMON STOCK }&\$210,000&\$250,000\\\text { ADDITIONAL PAID-IN-CAPITAL }&95,000&110,000\\\text { RETAINED EARNINGS }&105,000&195,000\end{array}$
During 2017, the company paid dividends of $15,000 on its common stock.The company's net income for the year was $105,000.How much is the company's return on common stockholders' equity for the year ending December 31, 2017?

• A)18.9%
• B)16.2%
• C)22.0%
• D)25.6%

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