he following information is available for Evans Corporation: 2021 2020 Average common stockholders’ equity $1,500,000 (2021) $1,000,000 (2020) Average total stockholders’ equity 2,000,000 (2021) 1,500,000 (2020) Common dividends declared and paid 72,000 (2021) 50,000 (2020) Preferred dividends declared and paid 30,000 (2021) 30,000 (2020) Net income 360,000 (2021) 300,000 (2020) Instructions Compute the return on common stockholders’ equity for both years. Briefly comment on your findings. 2021 = 2020 =
The following information is available for Evans Corporation:
2021 2020
Average common
$1,500,000 (2021) $1,000,000 (2020)
Average total stockholders’ equity
2,000,000 (2021) 1,500,000 (2020)
Common dividends declared and paid
72,000 (2021) 50,000 (2020)
Preferred dividends declared and paid
30,000 (2021) 30,000 (2020)
Net income
360,000 (2021) 300,000 (2020)
Instructions
Compute the return on common stockholders’ equity for both years. Briefly comment on your findings.
2021 =
2020 =
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