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Business, 18.04.2020 04:32 sadcase85

Kong Inc. reported net income of $298,000 during 2018 and paid dividends of $26,000 on common stock. It also has 10,000 shares of 6%, $100 par value cumulative preferred stock outstanding. Common stockholders' equity was $1,200,000 on January 1, 2018, and $1,600,000 on December 31, 2018. The company's return on common stockholders' equity for 2018 is:

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Kong Inc. reported net income of $298,000 during 2018 and paid dividends of $26,000 on common stock....
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