What is the amount of preferred dividends

Reference no: EM13136023

A company has a return on common stockholders' equity of 22%. Net income is $600,000 and average common stockholders' equity is $2,500,000. What is the amount of preferred dividends?

Answer

$550,000
$132,000
$10,763,636
$10,000
$50,000

Reference no: EM13136023

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