What is the rate earned on common stockholder’s equity
What is the rate earned on common stockholder’s equity for the following
data? Total current liabilities (noninterest bearing) – $300,000; bonds payable, 5% (issued in 2007, due in 20 years) – $600,000; preferred 6% stock, $200 par – $240,000; common stock, $20 par – $480,000; premium on common stock – $120,000; retained earnings – $420,000. Income before income taxes was $180,000 and income taxes were $78,000 for the current year,