The following information pertains to Benedict Company.Assume that all balance sheet amounts represent average balance figures. $$\begin{array} { l r }
\text { Total assets } & \$ 300,000 \
\text { Stockholders' equity-common } & 150,000 \
\text { Total stockholders' equity } & 200,000 \
\text { Sales revenue } & 100,000 \
\text { Net income } & 25,000 \
\text { Number of shares of common stock } & 6,000 \
\text { Common dividends } & 5,000 \
\text { Preferred dividends } & 7,000
\end{array}$$ What is the return on common stockholders' equity ratio for Benedict?

Question

The following information pertains to Benedict Company.Assume that all balance sheet amounts represent average balance figures. $$\begin{array} { l r } 
\text { Total assets } & \$ 300,000 \
\text { Stockholders' equity-common } & 150,000 \
\text { Total stockholders' equity } & 200,000 \
\text { Sales revenue } & 100,000 \
\text { Net income } & 25,000 \
\text { Number of shares of common stock } & 6,000 \
\text { Common dividends } & 5,000 \
\text { Preferred dividends } & 7,000
\end{array}$$ What is the return on common stockholders' equity ratio for Benedict?

Quizplus · Accepted Answer

The Answer of The following information pertains to Benedict Company.Assume that all balance sheet amounts represent average balance figures. $$\begin{array} { l r } 
\text { Total assets } & \$ 300,000 \
\text { Stockholders' equity-common } & 150,000 \
\text { Total stockholders' equity } & 200,000 \
\text { Sales revenue } & 100,000 \
\text { Net income } & 25,000 \
\text { Number of shares of common stock } & 6,000 \
\text { Common dividends } & 5,000 \
\text { Preferred dividends } & 7,000
\end{array}$$ What is the return on common stockholders' equity ratio for Benedict?

The Following Information Pertains to Benedict Company What Is the Return on Common Stockholders' Equity Ratio for Sheet