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Common Stockholders' Profitability Analysis A company reports the following: Net income $260,000...

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Accounting

Common Stockholders' Profitability Analysis

A company reports the following:

Net income $260,000
Preferred dividends 10,400
Average stockholders' equity 2,385,321
Average common stockholders' equity 1,280,000

Determine (a) the the return on stockholders equity and (b) the return on common stockholders equity. If required, round your percentages to one decimal place.

a. The rate earned on stockholders' equity %
b. The rate earned on common stockholders' equity %

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