1 coronado corporation had net income of 240000 and paid, Ask an Expert

Finance

1. Coronado Corporation had net income of $240000 and paid dividends of $36000 to common stockholders and $9000 to preferred stockholders in 2018. Coronado Corporation’s common stockholders’ equity at the beginning and end of 2018 was $780000 and $1220000, respectively. There are 109000 weighted-average shares of common stock outstanding.

Coronado Corporation’s return on common stockholders’ equity was

A. 18.90%.

B. 16.00%.

C. 23.10%.

D. 19.50%.

2. Spot rate: Given the following direct quotes, calculate the equivalent indirect quotes.

(a) $0.0844/Mexican peso

(b) £0.8513/€

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92745340

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