Refer to the Following Selected Financial Information from Hansen's,LLC

question 21

Multiple Choice

Refer to the following selected financial information from Hansen's,LLC.Compute the company's return on total assets for Year 2.

• A)9.6%.
• B)15.2%.
• C)2.6%.
• D)22.2%.
• E)14.5%.

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Definitions:

Preferred Stock

A class of ownership in a corporation with a fixed dividend that must be paid out before dividends to common stockholders and which typically does not have voting rights.

Ownership Interest

Refers to the rights and stake a person holds in a particular asset or business, often entailing voting rights and a share in the profits.

Preferred Stock

A class of share ownership in a corporation that has a higher claim on assets and earnings than common stock, often with fixed dividends.

Equity Security

A financial instrument representing ownership interest in a company, such as stocks, which entitles shareholders to vote on corporate matters and receive dividends.