What were the companys preferred dividends

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Reference no: EM131970503

Problem

Regency Incorporated recently reported a return on common stockholders' equity of 12%. What were the company's preferred dividends if net income was $700,000 during a year when beginning common stockholders' equity was $4,750,000 and ending common stockholders' equity was $5,250,000.

Reference no: EM131970503

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