Assume that all balance sheet amounts for Marley Company represent average balance figures. $$\begin{array} { l r }
\text { Stockholders' equity-common } & \$ 150,000 \
\text { Total stockholders' equity } & 200,000 \
\text { Sales } & 100,000 \
\text { Net income } & 29,000 \
\text { Number of shares of common stock } & 10,000 \
\text { Common stock dividends } & 10,000 \
\text { Preferred stock dividends } & 4,000
\end{array}$$ What is the return on common stockholders' equity for Marley?

Question

Assume that all balance sheet amounts for Marley Company represent average balance figures. $$\begin{array} { l r } 
\text { Stockholders' equity-common } & \$ 150,000 \
\text { Total stockholders' equity } & 200,000 \
\text { Sales } & 100,000 \
\text { Net income } & 29,000 \
\text { Number of shares of common stock } & 10,000 \
\text { Common stock dividends } & 10,000 \
\text { Preferred stock dividends } & 4,000
\end{array}$$ What is the return on common stockholders' equity for Marley?

Quizplus · Accepted Answer

The Answer of Assume that all balance sheet amounts for Marley Company represent average balance figures. $$\begin{array} { l r } 
\text { Stockholders' equity-common } & \$ 150,000 \
\text { Total stockholders' equity } & 200,000 \
\text { Sales } & 100,000 \
\text { Net income } & 29,000 \
\text { Number of shares of common stock } & 10,000 \
\text { Common stock dividends } & 10,000 \
\text { Preferred stock dividends } & 4,000
\end{array}$$ What is the return on common stockholders' equity for Marley?

Assume That All Balance Sheet Amounts for Marley Company Represent