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Question(s) / Instruction(s):

The following information pertains to Benedict Company. Assume that all balance sheet amounts represent average balance figures.

Total assets                               $300,000

Stockholders’ equity—common                        150,000

Total stockholders’ equity                    200,000

Sales                                      100,000

Net income                                 25,000

Number of shares of common stock         6,000

Common stock dividends                               6,000

Preferred stock dividends                      4,000

What is the return on common stockholders’ equity ratio for Benedict?

A.            12.7%

B.            14.0%

C.            10.5%

D.            16.7%

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