Goin Company Reports the Following Amounts for 2013 The 2013 Rate of Return on Common Stockholders' Equity Is

question 119

Multiple Choice

Goin Company reports the following amounts for 2013: $$\begin{array} { l r } \text { Net income } & 150,000 \\\text { Average stockholders' equity } & 2,000,000 \\\text { Preferred dividends } & 48,000 \\\text { Parvalue preferred stock } & 200,000\end{array}$$ The 2013 rate of return on common stockholders' equity is:

• A)5.1%.
• B)5.7%.
• C)7.5%.
• D)8.3%.

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