Bramble Corp. had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021 $4900 Net income for the year ended 2021 97900 Market price of stock, 12/31/20 8 Market price of stock, 12/31/21 10 Common stockholders’ equity, 12/31/20 999000 Common stockholders’ equity, 12/31/21 1196000 Outstanding shares, 12/31/21 100900 Preferred dividends for the year ended 2021 14300 What is the rate of return on common stock equity for Bramble Corp. for the year ended 2021? A. 6.6% B. 7.0% C. 8.9% D. 7.6%
Bramble Corp. had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021 $4900 Net income for the year ended 2021 97900 Market price of stock, 12/31/20 8 Market price of stock, 12/31/21 10 Common stockholders’ equity, 12/31/20 999000 Common stockholders’ equity, 12/31/21 1196000 Outstanding shares, 12/31/21 100900 Preferred dividends for the year ended 2021 14300 What is the rate of return on common stock equity for Bramble Corp. for the year ended 2021? A. 6.6% B. 7.0% C. 8.9% D. 7.6%
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 69E:
Stock Dividends
Crystal Corporation has the following information regarding its common stock: S10...
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Bramble Corp. had the following information in its financial statements for the years ended 2020 and 2021:
Cash dividends for the year 2021
$4900
Net income for the year ended 2021
97900
Market price of stock, 12/31/20
8
Market price of stock, 12/31/21
10
Common
999000
Common stockholders’ equity, 12/31/21
1196000
Outstanding shares, 12/31/21
100900
Preferred dividends for the year ended 2021
14300
What is the
A. 6.6%
B. 7.0%
C. 8.9%
D. 7.6%
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