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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%
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