Barber Industries Reported Net Sales of $92,000, Net Income of $32,000

question 33

Multiple Choice

Barber Industries reported net sales of $92,000, net income of $32,000, dividends paid to preferred stockholders of $7,000, dividends paid to common stockholders of $10,000, average number of shares outstanding is 5,000 and average common stockholders' equity of $96,000.What is the return on common stockholders' equity?

• A)26.0%
• B)33.3%
• C)88.5%
• D)95.8%

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Definitions:

Past Participle

A grammatical form used in perfect tense verbs, typically ending in -ed, -en, or -t, that indicates completed action.

Human Remains

The physical remains of a person after death.

Bog

A wetland that accumulates peat, a deposit of dead plant material—often mosses, and in a majority of cases, sphagnum moss.

Past Participle

A grammatical form of a verb used in perfect tenses and passive voice constructions, typically ending in -ed for regular verbs in English.