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Question
Abigail Company reports the following:
| Net income | $ 295,000 |
| Preferred dividends | 30,000 |
| Average stockholders’ equity | 1,000,000 |
| Average common stockholders’ equity | 700,000 |
Determine (a) the return on stockholders equity and (b) the return on common stockholders equity. (Round answers to one decimal place.)
Answer
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