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Abigail Company Reports the Following ​
Determine the (A) Return on Stockholders' Equity, and (B)

Question 193

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Abigail Company reports the following:  Net income $295,000 Preferred dividends 30,000 Average stockhol ders’ equity 1,000,000 Average common stockholders’ equity 700,000\begin{array} { | l | r | } \hline \text { Net income } & \$ 295,000 \\\hline \text { Preferred dividends } & 30,000 \\\hline \text { Average stockhol ders' equity } & 1,000,000 \\\hline \text { Average common stockholders' equity } & 700,000 \\\hline\end{array}
Determine the (a) return on stockholders' equity, and (b) return on common stockholders' equity. Round your answer to one decimal place.

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