Homework Answers
The correct answer is A) 33.33%.
Supporting calculations:
Return on Common Stockholders' Equity = (Net Income - Preferred Dividends) / Average Common Stockholders' Equity * 100
= ($500,000 - $0) / ($1,000,000 + $2,000,000/2) * 100
= $500,000 / $1,500,000 * 100
= 33.33%
Therefore, return on common stockholders' equity is 33.33%.
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