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love history [14]
2 years ago
11

On December​ 31, Mercury Corporation has the following data​available: Net Income ​$200,000 Interest expense ​20,000 Preferred d

ividends ​20,000 Total assets at the beginning of the year​850,000 Total assets at the end of the year ​780,000 Total common​stockholders' equity at the beginning of the year ​550,000 Total common​ stockholders' equity at the end of the year ​490,000 What is return on common​ equity?A 42.31%B 38.46%C 22.09%D 34.62%
Business
1 answer:
aliina [53]2 years ago
8 0

Answer:

D 34.62%

Explanation:

To get the return on commonequity we need to follow a few steps as follows:  

Here we have to let the Average total common stockholders' equity = ($550,000 + $490,000) ÷ 2 = $520,000 and (Net income $200,000 - Preferred Dividends $20,000) ÷ Average total common stockholders' equity = 34.62% .Therefore the correct answer is 34.62%.

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3 years ago
Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating act
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Answer:

Indicate how each item should be classified in the statement of cash flows using these four major classifications

Explanation:

Cash flows from operating activities

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Adjustments for:

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2 years ago
Fine Lines Inc. is a notebook manufacturing company based in Ohio. Fine Lines' main market is Ohio. It aims at providing its pro
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a.mechanistic

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During the month of June, Betty Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 P
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Answer:

Betty Incorporated

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DR Inventory $7,100

CR Accounts Payable (North Inc.) $7,100

To record the purchase of goods on account with terms 2/10, n/30.

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