[Solved] The return on equity ratio is calculated as: A)dividends paid divided by the average book value of stockholders' equity. B)net income divided by the average number of outstanding common shares. C)dividends divided by the average number of total shares. D)(net income less preferred dividends)divided by average common stockholders' equity. Pornographic Content: Material that depicts sexual activity or explicit erotic behavior designed to arouse. Homogenization of Culture: The process whereby local cultures are replaced or dominated by a dominant outside culture, leading to a reduction in cultural diversity. Fraudulent Misrepresentation: An intentional false statement of a material fact made by one party to another, with the intent to induce the other party to act or refrain from acting based on the falsehood. Contract: An agreement between two or more parties that is recognized and enforceable by law.