The calculation of Rate of Return on Common Shareholders' Equity (ROCE) is as follows: Rate of Return on Common = Shareholders' Equity

a. Net Income - Dividends on Preferred Stock
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Ending Common Shareholders' Equity

b. Net Income
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Average Common Shareholders' Equity

c. Net Income + Dividends on Preferred Stock
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Average Common Shareholders' Equity

d. Net Income - Dividends on Preferred Stock
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Average Common Shareholders' Equity

e. Net Income + Dividends on Preferred Stock
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Ending Common Shareholders' Equity


D

Business

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Business