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Answer:
B. Return on Equity = 3.17%
Explanation:
The return on common stockholder's equity is a profitability measure showing how much net return the company is providing on the equity invested by shareholders.
The equity of common stockholders is made up of Share capital and reserves. The common shares is just one part of equity.
To calculate the return on equity, the formula is:
Return on Common Equity = Net Income / Shareholder's Equity
Here, the Net income is 665 m while the shareholder's equity is 18000m.
Return on equity = 665 / 18000 = 0.0369 or 3.69% rounded off to 3.7%
So, B is the correct answer
Answer and Explanation:
The Journal entry is shown below:-
March 17
Stock Dividend Dr, $84,750 (113,000 × 5% × $15)
To Common Stock Dividend Distributable $56,500 (113000 × 5% × $10)
To Paid in capital in excess of Par - Common Stock $28,250
(Being stock dividend is recorded)
Here we debited the stock dividend and we credited the Common Stock Dividend Distributable and Paid in capital in excess of Par - Common Stock
