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Question
A companys balance sheet and income statement accounts follow:
| At December 31 | 2014 | 2013 | 2012 |
| Assets | |||
| Cash | $30,872 | $36,086 | $37,974 |
| Accounts receivable, net | 89,476 | 63,151 | 50,632 |
| Merchandise inventory | 112,499 | 83,450 | 54,467 |
| Prepaid expenses | 9,942 | 9,473 | 4,219 |
| Plant assets, net | 291,143 | 268,126 | 244,108 |
| Total assets | $533,932 | $460,286 | $391,400 |
| Liabilities and Equity | |||
| Accounts payable | $130,290 | $76,233 | $50,632 |
| Long-term notes payable secured by mortgages on plant assets | 98,372 | 103,748 | 107,769 |
| Common stock, $10 par value | 142,500 | 132,500 | 102,500 |
| Retained earnings | 182,770 | 147,805 | 130,499 |
| Total liabilities and equity | $533,932 | $460,286 | $391,400 |
| For Year Ended December 31 | 2014 | 2013 | ||
| Sales | $694,112 | $547,740 | ||
| Cost of goods sold | $423,408 | $356,031 | ||
| Other operating expenses | 215,175 | 138,578 | ||
| Interest expense | 11,800 | 12,598 | ||
| Income taxes | 9,023 | 8,216 | ||
| Total costs and expenses | 659,406 | 515,423 | ||
| Net income | $34,706 | $32,317 | ||
| Earnings per share | $2.14 | $1.99 | ||
What is the companys return on common stockholders equity ratio for 2013?
A. 27.5%
B. 25.4%
C. 12.6%
D. 29.4%
E. 19.5%
Answer
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