Fulmer Company's net income in 2008 was $220,000. The company paid preferred dividends of $42,000 and its average common stockholders' equity was $685,000. The company's return on common stockholders' equity for the year was closest to:   A. 32.1%   B. 26%   C. 38.2%   D. 6.1%

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Chapter15: Financial Statement Analysis
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Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Fulmer Company's net income in 2008 was $220,000. The company paid preferred dividends of $42,000 and its average common stockholders' equity was $685,000. The company's return on common stockholders' equity for the year was closest to:

 

A. 32.1%

 

B. 26%

 

C. 38.2%

 

D. 6.1%

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