St.Petersburg Corporation Use the Information Obtained from the Comparative Financial Statements Included
St.Petersburg Corporation
Use the information obtained from the comparative financial statements included in the St.Petersburg Corporation's 2012 annual report that is presented below to answer the questions that follow.All amounts are in thousands of dollars.
Refer to the financial information for St.Petersburg Corporation.
REQUIRED:
(A)Calculate the return on assets ratio for St.Petersburg for 2012.What is the reason for the adjustment of interest?
(B)Calculate the return on common stockholders' equity ratio for 2012 for St.Petersburg.What is the reason for the adjustment of preferred dividends?
Correct Answer:
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