Company Y Company Z Net Income ...
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Accounting
| Company Y | Company Z | ||||
| Net Income | 17,801 | 20,500 | |||
| Dividend on Redeemable Preferred Stock | 9,500 | 10,500 | |||
| Average Equity | 376,600 | 576,400 | |||
| 1. Please calculate the Return on Total Equity (ROTE) for both companies | |||||
| (2-decimal places) | |||||
| 2. Which company is more appealing to invest in? Why? | |||||
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