The 2017 balance for Mason Electronics reported the following items - with 2016 figures given for comparison: 
Net income for 2016 was $20,000. Compute the rate of return on common stockholders' equity for 2016. (Round your final answer to two decimal places.)
A) 3.48%
B) 8.13%
C) 8.85%
D) 3.76%
Correct Answer:
Verified
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