Financial Statements for Larned Company Appear Below: Dividends

question 30

Multiple Choice

Financial statements for Larned Company appear below: Dividends during Year 2 totaled $263 thousand, of which $12 thousand were preferred dividends.
The market price of a share of common stock on December 31, Year 2 was $160.

-Larned Company's return on common stockholders' equity for Year 2 was closest to:

• A)29.8%
• B)26.9%
• C)30.9%
• D)27.9%

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Definitions:

Triad

In sociology, a group of three people, which provides the simplest unit for studying complex group dynamics.

Cognitive Consistency Theories

A group of attitude theories stressing that people try to maintain internal consistency, order and agreement among their various cognitions.

Three-Component Model

A framework in psychology that describes an attitude as having cognitive, affective, and behavioral components.

Attitude

A mental inclination shown by assessing a specific entity with a certain level of preference or aversion.