53.9k views
0 votes
The following information relates to Waterloo Components, Inc.: Year 1 Year 2 Net income $115,500 $168,750 Preferred stock dividends 10,500 11,250 Average common stockholders’ equity 4,500,000 4,410,000 Dividend per common share 3.38 3.36 Earnings per share 6.09 6.64 Market price per common share, year-end 61.95 67.50 Calculate the following ratios for both years: (Round to one decimal place.)

1 Answer

2 votes

Answer:

Return on common stockholders’ equity = Net income / Average common stockholders’ equity * 100

User LostMyGlasses
by
8.6k points