Cornerstone Exercise 10-37 (Algorithmic) Stockholder Profitability Ratios The following information pertains to Montague Corporation: ...
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Cornerstone Exercise 10-37 (Algorithmic) Stockholder Profitability Ratios
The following information pertains to Montague Corporation:
| Net income | $51,000 |
| Average common equity | $1,500,000 |
| Preferred dividends | $7,500 |
| Average common shares outstanding | 100,000 |
Required:
Calculate the return on common equity and the earnings per share. Round your answers to two decimal places.
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