Robin Corporation has the following? data: Net income $27,040 Preferred dividends 8,000 Average common stockholders' equity 112,000 Robin?'s rate of return on common? stockholders' equity is

Robin
Corporation has the following? data:
Net income
$27,040
Preferred dividends
8,000
Average common stockholders' equity
112,000
Robin?'s
rate of return on common? stockholders' equity is
A. 17%
B. 30%
C. 24%
D. 31%


A

Mathematics

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