Use the following information for questions 64 through 69.
The following data are provided: Additional information:
Depreciation included in cost of goods sold and operating expenses is $610,000. On May 1, 2015, 30,000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2015.
-The return on common stock equity for 2015 is
A) 750 ÷ 3,600.
B) 750 ÷ 4,000.
C) 650 ÷ 3,600.
D) 650 ÷ 4,000.

Question

Use the following information for questions 64 through 69.
The following data are provided:  Additional information:
Depreciation included in cost of goods sold and operating expenses is $610,000. On May 1, 2015, 30,000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2015.
-The return on common stock equity for 2015 is
A) 750 ÷ 3,600. 
B) 750 ÷ 4,000. 
C) 650 ÷ 3,600. 
D) 650 ÷ 4,000.

Quizplus · Accepted Answer

The Answer of Use the following information for questions 64 through 69.
The following data are provided:  Additional information:
Depreciation included in cost of goods sold and operating expenses is $610,000. On May 1, 2015, 30,000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2015.
-The return on common stock equity for 2015 is
A) 750 ÷ 3,600. 
B) 750 ÷ 4,000. 
C) 650 ÷ 3,600. 
D) 650 ÷ 4,000.

Use the Following Information for Questions 64 Through 69