The following information pertains to Blossom Company. Assume that all balance sheet amounts represent both...
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The following information pertains to Blossom Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Net income Number of shares of common stock $92000 41000 51000 Market price of common stock 20000 $15 Dividends per share on common stock 3 Cash provided by operations $37000 What is the return on common stockholders' equity for this company? 54%24%13.6%5%
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