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Calculate return on common stockholders equity

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Reference no: EM132836093

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: EM132836093

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