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The Following Information Pertains to Marsh Company What Is Marsh's Return on Common Stockholders' Equity?
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question 259

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The following information pertains to Marsh Company. Assume that all balance sheet amounts represent average balance figures.  Total asset $400,000 Stockholders’ equity-common 200,000 Total stockholders’ equity 280,000 Sales 120,000 Net income 24,000 Number of shares of common stock 8,000 Common dividends 9,000 Preferred dividends 6,000\begin{array} { l r } \text { Total asset } & \$ 400,000 \\\text { Stockholders' equity-common } & 200,000 \\\text { Total stockholders' equity } & 280,000 \\\text { Sales } & 120,000 \\\text { Net income } & 24,000 \\\text { Number of shares of common stock } & 8,000 \\\text { Common dividends } & 9,000 \\\text { Preferred dividends } & 6,000\end{array} What is Marsh's return on common stockholders' equity?


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