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Question
The following information pertains to Marsh Company. Assume that all balance sheet amounts represent average balance figures.
Total asset $400,000
Stockholders’ equity—common 200,000
Total stockholders’ equity 280,000
Sales 120,000
Net income 30,000
Number of shares of common stock 8,000
Common stock dividends 9,000
Preferred stock dividends 6,000
What is Marsh’s return on common stockholders’ equity ratio?
a. 15%.
b. 12%.
c. 10.5%.
d. 8.6%.
Answer
This answer is hidden. It contains 1 characters.
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