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Table 13-5
the Following Information Is Available for Jansen Corporation

question 123

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Table 13-5
The following information is available for Jansen Corporation for the current year:
 Net income $156,000 Preferred dividends 24,000 Interest expense 17,500 Beginning of year:  Total assets 850,000 Total liabilities 375,000 Total common shareholders’ equity 395,000 End of year:  Total assets 930,000 Total liabilities 405,000 Total common shareholders’ equity 435,000\begin{array}{|l|r|}\hline \text { Net income } & \$ 156,000 \\\hline \text { Preferred dividends } & 24,000 \\\hline \text { Interest expense } & 17,500 \\\hline \text { Beginning of year: } &\\\hline\text { Total assets } & 850,000 \\\hline \text { Total liabilities } & 375,000 \\\hline \text { Total common shareholders' equity } & 395,000\\\hline\text { End of year: }\\\hline \text { Total assets } & 930,000 \\\hline \text { Total liabilities } & 405,000 \\\hline \text { Total common shareholders' equity } & 435,000\\\hline \end{array}
-Refer to Table 13-5.The return on equity for Jansen Corporation was:

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