Holland Corporation's annual report is as follows.

Based on the information provided,find the rate of return on common stockholders' equity on March 31,2017.(Round your final answer two decimal places. )

Question

Holland Corporation's annual report is as follows.

Based on the information provided,find the rate of return on common stockholders' equity on March 31,2017.(Round your final answer two decimal places. )

Quizplus · Accepted Answer

B)Average Common Stockholders' Equity - (4,300,000 + 5,122,000)/ 2 = 4,711,000
Rate of Return on Common Stockholders' Equity = Net Income / Average Common Stockholders' Equity
Average Common Stockholders' Equity = 438,500 / 4,711,000 = 9.31%

Holland Corporation's Annual Report Is as Follows