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The following information is provided for ABC Retail Inc. Dec 31, 2020 $3,050 Shareholders' Equity...

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Accounting

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The following information is provided for ABC Retail Inc. Dec 31, 2020 $3,050 Shareholders' Equity (5 thousands) Preferred stock, 550 par, 4,000,000 shares authorized, 61,000 shares outstanding Common stock $1 par 1,000,000 shares authorized, 800,000 shares outstanding Paid-in capital in excess of par Retained earnings Total shareholders' equity 800 200 35.730 $39.780 Additional information Preferred dividends paid in 2020 $240,000 Common dividends paid in 2020 840.000 Net income for year ended December 31, 2020 2,250,000 Average common shareholders' equity 25,000,000 The company's return on common stock equity ratio is (round your answers to two decimal places) $0.06. $0.05. $0.08. $0.09

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