Assume that Apex, Inc. has the following data: Net income for 2014 …………… $ 127,000 Preferred…

Assume that Apex, Inc. has the following data: Net income for 2014 …………… $ 127,000 Preferred dividends for 2014 ………… 23,000 Total shareholders’ equity, 12/31/2014 ….. 1,627,000 Total shareholders’ equity, 12/31/2013 ….. 1,589,000 Common shareholders’ equity, 12/31/2014 ….. 1,484,000 Common shareholders’ equity, 12/31/2013 ….. 1,392,000 Requirements 1. Calculate Apex’s return on equity for 2014. 2. Calculate Apex’s return on common equity for 2014. 3. Comment on Apex’s performance during 2014. View Solution:
Assume that Apex Inc has the following data Net income for

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