Return on common stockholders' equity
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Selected financial data for ABC Company appear below:
Account Balances
End of Beginning
year of year
Preferred stock $125,000 $125,000
Common stock 400,000 300,000
Retained earnings 185,000 75,000
During the year, the company paid dividends of $10,000 on its preferred stock. The company's net income for the year was $120,000. The company's return on common stockholders' equity for the year is closest to ____ ?
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The solution explains how to calculate the return on common stockholders' equity.
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