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What is Brambles rate of return on common stock equity

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Reference no: EM132561221

Question - Presented below is information related to Bramble Corp.:

December 31

2021

2020

Common stock

$75100

$59000

5% Preferred stock

340000

340000

Retained earnings (includes net income for current year)

89900

74400

Net income for year

34500

32300

Required - What is Bramble's rate of return on common stock equity for 2021?

a. 23.1%

b. 11.7%

c. 10.6%

d. 20.9%

Reference no: EM132561221

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