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What is the return on common stockholders equity for company

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Reference no: EM132987008

The following information pertains to Skysong, Inc. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

AssetsCash and short-term investments $ 45900

Accounts receivable (net) 38000

Inventory 23100

Property, plant and equipment 211000

Total Assets $ 318000

Liabilities and Stockholders' Equity

Current liabilities $ 61000

Long-term liabilities 89100

Stockholders' equity-common 167900

Total Liabilities and Stockholders' Equity $ 318000

Income Statement Sales revenue $ 97000

Cost of goods sold 71500

Gross profit 25500

Operating expenses 10700

Net income $ 14800

Number of shares of common stock 7900

Market price of common stock $ 19

Dividends per share on common stock 7.6

Cash provided by operations $ 31000

Problem 1: What is the return on common stockholders' equity for this company?

Reference no: EM132987008

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