The Net Income of a Company for the Year Was

question 158

Multiple Choice

The net income of a company for the year was $570,000.The company has no preferred stock.Common stockholders' equity was $1,700,000 at the beginning of the year and $2,300,000 at the end of the year.Calculate the rate of return on common stockholders' equity.(Round your answer to two decimal places. )

• A)24.78%
• B)19.86%
• C)33.53%
• D)28.50%

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