The Following Information Pertains to Benedict Company What Is the Return on Common Stockholders' Equity Ratio for Sheet

question 58

Multiple Choice

The following information pertains to Benedict Company.Assume that all balance sheet amounts represent average balance figures. $$\begin{array} { l r } \text { Total assets } & \$ 300,000 \\\text { Stockholders' equity-common } & 150,000 \\\text { Total stockholders' equity } & 200,000 \\\text { Sales revenue } & 100,000 \\\text { Net income } & 25,000 \\\text { Number of shares of common stock } & 6,000 \\\text { Common dividends } & 5,000 \\\text { Preferred dividends } & 7,000\end{array}$$ What is the return on common stockholders' equity ratio for Benedict?

• A)16.7%
• B)12.0%
• C)13.3%
• D)9.0%

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