The 2017 balance for Mason Electronics reported the following items - with 2016 figures given for comparison:
Net income for 2016 was $20,000.Compute the rate of return on common stockholders' equity for 2016.(Round your final answer to two decimal places. )
Definitions:
Offer Rate
The interest rate at which banks lend to their most credit-worthy customers, often referred to in the context of loans and savings.
Transaction Date
When control of the future economic benefits embodied in an asset are obtained from or transferred to another entity.
Exchange Rate
The price at which one currency can be exchanged for another currency.
Credit Terms
Conditions under which credit is extended by a lender to a borrower, including the repayment period and interest rate.
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