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Business, 05.05.2020 22:44 maddy6882

January 1, 2022, Sheffield Corp. purchased 4,500 shares of treasury stock. Other information regarding Sheffield Corp. is provided as follows. 2022 2021 Net income $107,900 $100,000 Dividends on preferred stock $23,950 $23,950 Dividends on common stock $20,900 $18,650 Weighted-average number of common shares outstanding 38,000 50,000 Common stockholders’ equity beginning of year $700,000 $600,000 Common stockholders’ equity end of year $760,000 $700,000 Compute return on common stockholders' equity for each year.

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January 1, 2022, Sheffield Corp. purchased 4,500 shares of treasury stock. Other information regardi...

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