Holland Corporation's annual report is as follows. Based on the information provided,find the rate of return on common stockholders' equity on March 31,2018.(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 31,2018.(Round your final answer two decimal places. )

Quizplus · Accepted Answer

Average Common Stockholders' Equity - (4,380,000 + 5,092,000)/ 2 = 4,736,000
Rate of Return on Common Stockholders' Equity = Net Income / Average Common Stockholders' Equity
Average Common Stockholders' Equity = 441,500 / 4,736,000 = 9.32%

Holland Corporation's Annual Report Is as Follows