Question 43 During 2016, Troy, Inc.s net income was $400,000. Its common stockholders...
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Accounting
Question 43
During 2016, Troy, Inc.s net income was $400,000. Its common stockholders equity was $1,400,000 at January 1, 2016 and $1,800,000 at December 31, 2016. During December 2016, Troys board of directors declared a $50,000 preferred stock dividend and a $120,000 common stock dividend. What is Troys 2016 return on common stockholders equity?
A.
21.9%
B.
15.9%
C.
25.0%
D.
14.4%
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