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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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If the French euro devalued by 17% against the U.S. dollar, this is equivalent to a revaluation of the dollar against the euro b
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Answer:

C) 20.48%

Explanation:

I will use an example to show this:

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3 years ago
Upon beginning her career at davidson inc., a small consulting firm, stephanie benjamin receives a copy of the firm's organizati
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3 years ago
$1000 Principal with a 6% Interest Rate, Compounded Semi-Annually for 3 years.
umka2103 [35]

Answer:

$1,194.05

Explanation:

The applicable formula is A = P x ( 1+ r) ^ n

Where A is the future amount

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