Robin
Corporation has the following data:
|
Net income
|
$27,040
|
|
Preferred dividends
|
8,000
|
|
Average common stockholders’ equity
|
112,000
|
Robin‘s
rate of return on common stockholders’ equity is
A. 17%
B. 30%
C. 24%
D. 31%
ANSWER:
A. 17%