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

question 134

Multiple Choice

Holland Corporation's annual report is as follows. $$\begin{array} { | l | r | r | } \hline & \text { March 31,2017 } & \text { March 31, } 2018 \\\hline \text { Net Income } & \$ 350,000 & \$ 441,500 \\\hline \text { Preferred Dividends } & 0 & 0 \\\hline \text { Total Stockholders' Equity } & \$ 4,380,000 & \$ 5,092,000 \\\hline \text { Stockholders' Equity attributable to Preferred } & \\\text { Stock } &0 & 0\\\hline \text { Number of Common Shares Outstanding } & 284,000 & 195,000 \\\hline\end{array}$$ Based on the information provided,find the rate of return on common stockholders' equity on March 31,2018.(Round your final answer two decimal places.)

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

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales activities within a certain range or time period, like rent or salaries.

Sensor Division

A specialized unit within a company focused on the development, production, and sale of sensor technology.

Safety Products Division

A specialized division within a company focused on the development, manufacture, and distribution of safety-related products.

Order Fulfillment Department

refers to the division within a company responsible for processing customer orders, from receipt to delivery.