Holland Corporation's Annual Report Is as Follows Based on the Information Provided,find the Rate of Return on l

question 5

Multiple Choice

Holland Corporation's annual report is as follows. $$\begin{array} { | l | r | r | } \hline & \text { March 31, 2016 } & \text { March 31, 2017 } \\\hline \text { Net Income } & \$ 350,000 & \$ 441,500 \\\hline \text { Preferred Dividends } & 0 & 0 \\\hline \text { Total Stockholders' Equity } & \$ 4,380,000 & \$ 5,092,000 \\\hline \text { Stockholders' Equity attributable to Preferred } & & \\\text { Stock } & 0 &0 \\\hline \text { Number of Common Shares Outstanding } & 284,000 & 195,000\\\hline\end{array}$$ Based on the information provided,find the rate of return on common stockholders' equity on March 31,2017.(Round your final answer two decimal places. )

• A)8.36%
• B)9.32%
• C)8.67%
• D)7.99%

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