Pina Colada Corp. had net income of $120200 and paid dividends of $365


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Pina Colada Corp. had net income of $120200 and paid dividends of $36500 to common stockholders and $24000 to preferred stockholders in 2017. Pina Colada Corp. common stockholders’ equity at the beginning and end of 2017s was $480000 and $560000, respecti

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Pina Colada Corp. had net income of $120200 and paid dividends of
$36500 to common stockholders and $24000 to preferred stockholders in 2017. Pina Colada Corp. common stockholders’ equity at the beginning and end of 2017s was $480000 and $560000, respectively. Pina Colada Corp. return on common stockholders’ equity is

a) 18%.

b) 14%.

c) 23%.

d) 19%.

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