Compute return on common stockholders equity for each year

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Question - On January 1, 2022, Concord Corporation purchased 5,500 shares of treasury stock. Other information regarding Concord Corporation is provided as follows.

 

2022

2021

Net income

$90,000

$80,000

Dividends on preferred stock

$33,450

$33,450

Dividends on common stock

$25,500

$21,550

Weighted-average number of common shares outstanding

45,000

50,000

Common stockholders' equity beginning of year

$550,000

$400,000

Common stockholders' equity end of year

$900,000

$550,000

Required - Compute return on common stockholders' equity for each year.

Reference no: EM132437481

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