The 2017 balance for Mason Electronics reported the following items

Question

The 2017 balance for Mason Electronics reported the following items - with 2016 figures given for comparison: $\begin{array}{|l|r|c|}
\hline&\text { Mason Electronics } & \text { Mason Electronics } \
&\text { Balance Sheet } & \text { Balance Sheet } \
&\text { As of December } 31,2017 & \text { As of December } 31,2016\
\hline \text { Total Assets } & \underline{\$ 571,000} & \underline{\$ 494,000} \
\hline & & \
\hline \text { Total Liabilities } & 330,000 & 284,000 \
\hline \begin{array}{l}
\text { Total Stockholders' } \
\text { Equity (all common) }
\end{array} & \underline{241,000} & \underline{210,000} \
\hline \begin{array}{l}
\text { Total Liabilities and } \
\text { Stockholders' Equity }
\end{array} & \underline{\$ 571,000} & \underline{\$494,000} \
\hline
\end{array}$
 Net income for 2016 was $25,000.Compute the rate of return on common stockholders' equity for 2016.(Round to two decimal places.Show your computations. )

Quizplus · Accepted Answer

The Answer of The 2017 balance for Mason Electronics reported the following items - with 2016 figures given for comparison: $\begin{array}{|l|r|c|}
\hline&\text { Mason Electronics } & \text { Mason Electronics } \
&\text { Balance Sheet } & \text { Balance Sheet } \
&\text { As of December } 31,2017 & \text { As of December } 31,2016\
\hline \text { Total Assets } & \underline{\$ 571,000} & \underline{\$ 494,000} \
\hline & & \
\hline \text { Total Liabilities } & 330,000 & 284,000 \
\hline \begin{array}{l}
\text { Total Stockholders' } \
\text { Equity (all common) }
\end{array} & \underline{241,000} & \underline{210,000} \
\hline \begin{array}{l}
\text { Total Liabilities and } \
\text { Stockholders' Equity }
\end{array} & \underline{\$ 571,000} & \underline{\$494,000} \
\hline
\end{array}$
 Net income for 2016 was $25,000.Compute the rate of return on common stockholders' equity for 2016.(Round to two decimal places.Show your computations. )