Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

تمرين 46

Calculating the Average Common Stockholders' Equity and the Return on Stockholders' Equity
The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows:


Refer to the information for Somerville Company above.
Required:
Note : Round answers to four decimal places.
1. Calculate the average common stockholders' equity.
2. Calculate the return on stockholders' equity.