Barber Industries reported net sales of $92,000,net income of $32,000,dividends paid to preferred stockholders of $7,000,dividends paid to common stockholders of $10,000,average number of shares outstanding is 5,000 and average common stockholders' equity of $96,000.What is the return on common stockholders' equity?
A) 26.0%
B) 33.3%
C) 88.5%
D) 95.8%
Correct Answer:
Verified
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