182. A company reports the following:
Net income$275,000
Preferred dividends$30,000
Average stockholders’ equity$1,000,000
Average common stockholders’ equity$700,000
Determine the (a) rate earned on stockholders’ equity, and (b) rate earned on common stockholders’ equity. Round your answer to one decimal place.
183. Selected data from the Carmen Company at year end are presented below:
Total assets$2,000,000
Average total assets2,200,000
Net income250,000
Net sales1,300,000
Average common stockholders' equity1,000,000
Net cash provided by operating activities275,000
Shares of common stock outstanding10,000
Instructions
Calculate the profitability ratios that can be computed from the above information.