The company’s return on common stockholders’ equity for 2010 is:

Katie Inc. reported net income of $186,000 during 2010 and paid dividends of $26,000 on common stock. It also paid dividend on its 10,000 shares of 6%, $100 par value, noncumulative preferred stock. Common stockholders’ equity was $1,200,000 on January 1, 2010, and $1,600,000 on December 31, 2010. The company’s return on common stockholders’ equity for 2010 is:

(a) 10.0%.

(b) 9.0%.

(c) 7.1%.

(d) 13.3%.

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