1. Coronado Corporation had net income of $240000 and paid dividends of $36000 to common stockholders and $9000 to preferred stockholders in 2018. Coronado Corporation’s common stockholders’ equity at the beginning and end of 2018 was $780000 and $1220000, respectively. There are 109000 weighted-average shares of common stock outstanding.
Coronado Corporation’s return on common stockholders’ equity was
A. 18.90%.
B. 16.00%.
C. 23.10%.
D. 19.50%.
2. Spot rate: Given the following direct quotes, calculate the equivalent indirect quotes.
(a) $0.0844/Mexican peso
(b) £0.8513/€
(c) Rs54.64/C$