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Farmer Company reports the following amounts for 2015: Net income $135,000 Average stockholders equity 500,000...

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Accounting

Farmer Company reports the following amounts for 2015: Net income $135,000 Average stockholders equity 500,000 Preferred dividends 15,000 Par value preferred stock 100,000 The 2015 rate of return on common stockholders equity is Answer a)30.0%. b)24.0%. c)27.0%. d)33.8%.

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