(Answered) Question - whetzel corporation reported net income of

Accounting

Question - Whetzel Corporation reported net income of $160,000, declared dividends on common stock of $49,000, and had an ending balance in retained earnings of $350,000. Common stockholders' equity was $730,000 at the beginning of the year and $810,000 at the end of the year.

Compute the return on common stockholders' equity.

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