The net income for the year ended was $300,000. Common stockholders' equity at the beginning of the year was $1,400,000 and $1,600,000 at the end of the year. The return on common stockholders' equity would be:
A) 18.75%.
B) 20.00%.
C) 21.43%.
D 87.50%.
Correct Answer:
Verified
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