Selected information for Brain Corporation is as follows: December 31 2011 2012 Preference stock 180,000 P 180,000 Common stock 648,000 840,000 Retained earnings 192,000 360,000 Net incomefor the year ended 144,000 240,000 What is Brain's rate of return on average stockholders' equity for 2012? a. 16.0% b. 20.0% c. 23.5% d. 26.0%
Selected information for Brain Corporation is as follows: December 31 2011 2012 Preference stock 180,000 P 180,000 Common stock 648,000 840,000 Retained earnings 192,000 360,000 Net incomefor the year ended 144,000 240,000 What is Brain's rate of return on average stockholders' equity for 2012? a. 16.0% b. 20.0% c. 23.5% d. 26.0%
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter13: Financial Statement Analysis
Section: Chapter Questions
Problem 13.13E
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Selected information for Brain Corporation is as follows:
December 31
2011 2012
Common stock 648,000 840,000
What is Brain's
a. 16.0%
b. 20.0%
c. 23.5%
d. 26.0%
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