Calculate return on common stockholders equity

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Question - The following information is available for Skysong Hill Corporation:

Beginning common stockholders' equity $765,000

Dividends paid to common stockholders 57,000

Dividends paid to preferred stockholders 30,000

Ending common stockholders' equity 1,015,000

Net income 261,400

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

Reference no: EM133184139

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