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Question - A company reports the following:
Net income $134,860
Preferred dividends 12,430
Average stockholders' equity 1,282,890
Average common stockholders' equity 852,880
Required -
a. Determine the return on stockholders' equity.
b. Determine the return on common stockholders' equity.
Bravo Company sells Widgets at $6 a unit. Determine the number of units of Widgets that Bravo must sell in FY 2016 to meet this goal
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