Calculate the company return on common stockholders equity

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Reference no: EM132580586

Sheridan Corporation provided the following financial information:

Common stockholders' equity as of 1/1/2017                   $1,440,000

Common stockholders' equity as of 12/31/2017               $1,760,000

Net sales for the year 2017                                          $800,000

Net income for the year 2017                                        $100,000

Common stock dividends paid during 2017                        $10,000

Question 1: Calculate the company's Return on Common Stockholders' Equity.

Option 1: 6.25%

Option 2: 12.50%

Option 3: 10.00%

Option 4: 1.56%

Reference no: EM132580586

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