Question Details

Average common stockholders’ equity	



The following information is available for Evans Corporation:

		2013			2012	
Average common stockholders’ equity	$1,500,000	$1,000,000
Average total stockholders’ equity	2,000,000	1,500,000
Common dividends declared and paid	72,000	50,000
Preferred dividends declared and paid	30,000	30,000
Net income	350,000	300,000

Instructions
Compute the return on common stockholders’ equity ratio for both years. Briefly comment on your findings.




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