Problemat the end of fiscal year 2011 crane industries incs, Ask an Expert

Accounting

Problem:

At the end of fiscal year 2011, Crane Industries, Inc.'s stock price was $30.75. A year later it was $34.88. Per share dividends over the year were $0.55, while earnings per share were $1.33.

Required:

Question: What rate of return did the common stock owners earn in fiscal year 2012?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170601

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