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he following information pertains to Benedict Company. Assume that all balance sheet amounts represent average balance figures.Total assets $300,000Stockholders' equity—common 150,000Total stockholders' equity 200,000Sales revenue 100,000Net income 25,000Number of shares of common stock 6,000Common dividends 6,000MC: 199 (count)Preferred dividends 4,000What is the return on common stockholders' equity ratio for Benedict?a. 16.7%b. 14.0%c. 12.7%d. 10.5%

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mltn1980

Answer:

b. 14.0%

Explanation:

NET INCOME  

Sales  $ 100.000

Net Income  $ 25.000

Preferred Stock  -$ 4.000

Net Income to Stockholders' equity—common $ 21.000   14%

Net Income to Stockholders         $ 21.000

                                                      ===========  =   14%

Stockholders' equity—common    $ 150,000

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