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North Company reports the following amounts for 2015: Net income $ 160,000 Average stockholders equity...

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Question

Accounting

North Company reports the following amounts for 2015: Net income $ 160,000 Average stockholders equity 2,000,000 Preferred dividends 45,000 Par value preferred stock 250,000 The 2015 rate of return on common stockholders equity is:

Answer

A)

5.8%.
B)

6.6%.
C)

8.0%.
D)

9.1%.

Answer & Explanation Solved by verified expert
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