Sheffield Company Had $42,000 of Net Income in 2013

question 137

Multiple Choice

Sheffield Company had $42,000 of net income in 2013. Equity at the beginning of the year was $1,200,000 and at the end of the year was $1,600,000. Sheffield has no preferred stock. Please calculate the rate of return on common stockholders' equity. (Round to 3 decimal places.)

• A) 0.035
• B) 0.026
• C) 0.030
• D) 0.032

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Definitions:

Paraphyletic

A term used in phylogenetics to describe a group of organisms that includes an ancestor but not all of its descendants, contrasting with a monophyletic group.

Polyphyletic

A group of organisms derived from more than one common evolutionary ancestor or ancestral group, indicating they do not share a common lineage.

Phylogenetic Trees

Diagrams that represent the evolutionary relationships among various biological species or other entities, based upon similarities and differences in their physical or genetic characteristics.

Systematists

Systematists are scientists who study the classification and evolutionary relationships among organisms, organizing them into systems of taxonomy.