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Calculate return on common stockholders equity

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Reference no: EM132825762

Problem - The following information is available for Richmond Hill Corporation:

Beginning common stockholders' equity

$700,000

Dividends paid to common stockholders

50,000

Dividends paid to preferred stockholders

30,000

Ending common stockholders' equity

1,000,000

Net income

200,000

Required - Based on the preceding information, calculate return on common stockholders' equity.

Reference no: EM132825762

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