Excerpts from Melby Corporation's most recent balance sheet appear below:
Net income for Year 2 was $94,000. Dividends on common stock were $33,000 in total and dividends on preferred stock were $11,000 in total. The return on common stockholders' equity for Year 2 is closest to:
A) 7.8%
B) 7.4%
C) 4.8%
D) 8.8%

Question

Excerpts from Melby Corporation's most recent balance sheet appear below: 
Net income for Year 2 was $94,000. Dividends on common stock were $33,000 in total and dividends on preferred stock were $11,000 in total. The return on common stockholders' equity for Year 2 is closest to:
A) 7.8% 
B) 7.4% 
C) 4.8% 
D) 8.8%

Quizplus · Accepted Answer

The Answer of Excerpts from Melby Corporation's most recent balance sheet appear below: 
Net income for Year 2 was $94,000. Dividends on common stock were $33,000 in total and dividends on preferred stock were $11,000 in total. The return on common stockholders' equity for Year 2 is closest to:
A) 7.8% 
B) 7.4% 
C) 4.8% 
D) 8.8%

Excerpts from Melby Corporation's Most Recent Balance Sheet Appear Below