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QUESTION
VAS Corporation had net income of $500,000 and paid dividends of $800,000 to common stockholders and $20,000 to preferred stockholders in 2014.
VAS Corporation had net income of $500,000 and paid dividends of $800,000 to common stockholders and $20,000 to preferred stockholders in 2014. VASCorporation’s common stockholders’ equity at the beginning and end of 2014 was $1,740,000 and $2,260,000, respectively. There are 200,000 weighted-average shares of common stock outstanding.
VAS Corporation’s return on common stockholders’ equity was
