During 2019, Crockett, Inc.'s net income was $200,000. Its common stockholders' equity was $700,000 at January 1, 2019 and $800,000 at December 31, 2019. During December 2019, Crockett's board of directors declared a $25,000 preferred stock dividend and a $60,000 common stock dividend.
What is Crockett's 2019 return on common stockholders' equity?
A) 15.6%.
B) 10.0%.
C) 23.0%,
D) 16.7%.
E) None of the above
Correct Answer:
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