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

question 58

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The following information pertains to Benedict Company.Assume that all balance sheet amounts represent average balance figures.  Total assets $300,000 Stockholders’ equity-common 150,000 Total stockholders’ equity 200,000 Sales revenue 100,000 Net income 25,000 Number of shares of common stock 6,000 Common dividends 5,000 Preferred dividends 7,000\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?

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