Excerpts from Goodrow Corporation's Most Recent Balance Sheet and Income

question 158

Multiple Choice

Excerpts from Goodrow Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $20 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $5.34 per share.
-The return on common stockholders' equity for Year 2 is closest to:

• A)8.70%
• B)10.17%
• C)10.14%
• D)11.86%

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Definitions:

Rayon

A semi-synthetic fiber made from regenerated cellulose, used in a wide variety of textiles and clothing.

Carboxylic Acid

Organic acids characterized by the presence of at least one carboxyl group, playing significant roles in biochemistry and industry.

Amine End

The part of an amine molecule where the nitrogen atom is located, often involved in bonding due to its lone pair of electrons.

Asn

A symbol representing the amino acid asparagine, which is crucial in the biosynthesis of proteins.