Kearin Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $8,000. The market price of common stock at the end of Year 2 was $2.02 per share.The company's return on equity for Year 2 is closest to:
A) 71.44%
B) 4.72%
C) 2.97%
D) 1.93%

Question

Kearin Corporation has provided the following financial data:  Dividends on common stock during Year 2 totaled $8,000. The market price of common stock at the end of Year 2 was $2.02 per share.The company's return on equity for Year 2 is closest to:
A) 71.44% 
B) 4.72% 
C) 2.97% 
D) 1.93%

Quizplus · Accepted Answer

The Answer of Kearin Corporation has provided the following financial data:  Dividends on common stock during Year 2 totaled $8,000. The market price of common stock at the end of Year 2 was $2.02 per share.The company's return on equity for Year 2 is closest to:
A) 71.44% 
B) 4.72% 
C) 2.97% 
D) 1.93%

Kearin Corporation Has Provided the Following Financial Data: Dividends