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Accounting

problem: The following information is available for Wenger Company:

Beginning stockholders' equity	$700,000
Dividends paid to common stockholders	50,000
Dividends paid to preferred stockholders	30,000
Ending stockholders' equity	800,000
Net income	165,000

Based on the preceding data, compute return on common stockholders' equity.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M923404

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