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Question
herman corporation had net income of $160,000 and paid dividends of $40,000 to common stockholders and $20,000 to preferred stockholders in 2012. herman corporations common stockholders equity at the beginning and end of 2012 was $450,000 and $550,000, respectively. herman corporations return on common stockholders equity is
a.32%
b.28%
c.24%
d.20%
Answer
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