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  3. in 2022, blossom corporation had net sales of $602

In 2022, Blossom Corporation had net sales of $602,000 and cost of goods sold of...

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Accounting

In 2022, Blossom Corporation had net sales of $602,000 and cost of goods sold of $357,000. Operating expenses were $149,000, and
interest expense was $8,000. The corporation's tax rate is 20%. The corporation declared preferred dividends of $11,500 in 2022, and
its average common stockholders' equity during the year was $208,000.
(a).
(b)
Your answer is incorrect.
Compute Blossom Corporation's retum on common stockholders' equity for 2022.(Round answer to 1 decimal place, eg.10.5%.)
Return on common stockholders' equity
%
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