Question 19 1 points Save Answer Excerpts from Melby Corporation's most recent balance sheet appear...
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Accounting
Question 19 1 points Save Answer Excerpts from Melby Corporation's most recent balance sheet appear below: Year 2 Year 1 Preferred stock..... $ 200,000 $ 200.000 Common stock. 200.000 200.000 Additional paid-in capital--common stock ...... 400,000 400,000 Retained earnings....... 490.000 440.000 Total stockholders' equity.......... $1.290,000 $1,240,000 Net Income for Year 2 was $94,000. Dividends on common stock were $33,000 in total and dividends on preferred stock were $11,000 in total. The return on common stockholders equity for Year 2 is closest to: 7.8% 7.4% 64.8%
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