Selected data for the MK Company follow:

-What is MK Company's return on common shareholders' equity for the current year,rounded to the nearest tenth of a percent?

Question

Selected data for the MK Company follow:

-What is MK Company's return on common shareholders' equity for the current year,rounded to the nearest tenth of a percent?

Quizplus · Accepted Answer

To calculate the return on common shareholders' equity, we need to divide net income available to common shareholders by the average common shareholders' equity. Unfortunately, the data provided does not include net income or average common shareholders' equity. Without this information, we cannot accurately calculate the return on common shareholders' equity. Therefore, we can only guess or estimate the answer. Among the given options, 10.9% (Option C) is the closest to the industry average of return on equity, which is around 12%.

Selected Data for the MK Company Follow