VAS Corporation had net income of $500000 and paid dividends of $800000 to common stockholders and $20000 to preferred stockholders in 2017. VAS Corporation's common stockholders' equity at the beginning and end of 2017 was $1740000 and $2260000 respectively. There are 200000 weighted-average shares of common stock outstanding. VAS Corporation's return on common stockholders' equity was
A) 10%.
B) 24%.
C) 20%.
D) 17.7%.
Correct Answer:
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