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| Ans 24 | Computation of return on equity | ||||||
| Return on equity = Net income - preferred dividend/Total equity | |||||||
| i | Net income= | 25000 | |||||
| ii | Preferred dividend = | 7000 | |||||
| iii=i-ii | Earning avaiable to equity | 18000 | |||||
| iv | Total equity= | 200000 | |||||
| v=iii/iv | Return on equity | 9.0% | |||||
| ans =option d) | 9.0% | ||||||
| ans 25 | correct answer is option : a) Dividend in arrears. | ||||||
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24. The following information pertain amounts represent average balance figures nation pertains to Benedict Company Assume...
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