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Business, 28.11.2019 22:31 perfect32

Kong inc. reported net income of $298,000 during 2018 and paid dividends of $26,000 on common stock. it also has 10,000 shares of 6%, $100 par value cumulative preferred stock outstanding. common stockholders' equity was $1,200,000 on january 1, 2018, and $1,600,000 on december 31, 2018. the company's return on common stockholders' equity for 2018 is: a. 17.4% b. 17.0% c. 15.1% d. 21.3%

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Kong inc. reported net income of $298,000 during 2018 and paid dividends of $26,000 on common stock....
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