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QUESTION
Blue Spruce Corp. had net income of $115500 and paid dividends of $36000 to common stockholders and $15000 to preferred stockholders in 2017. Blue...
Blue Spruce Corp. had net income of $115500 and paid dividends of $36000 to common stockholders and $15000 to preferred stockholders in 2017. Blue Spruce Corp. common stockholders’ equity at the beginning and end of 2017s was $405000 and $600000, respectively. Blue Spruce Corp. return on common stockholders’ equity is
15%.
24%.
20%.
19%.
