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:

Trademarks

Symbols, words, or phrases legally registered or established by use as representing a company or product.

Trademark Infringement

The unauthorized use of a trademark or service mark (or a substantially similar mark) on competing or related goods and services, leading to confusion among consumers.

Intentionally

The action of doing something deliberately or with specific purpose, often used in legal contexts to determine the level of culpability or responsibility.

Descriptive Term

A word or phrase that describes the characteristics, qualities, or functions of a product, service, or concept.