Selected financial data for Irvington Company appear below:

Selected financial data for Irvington Company appear below:Account BalancesBeginningof yearEnd ofyearPreferred stock$125,000$125,000Common stock 300,000 400,00075,000 185,000During the year, the company paid dividends of $10,000 on its preferred stock. The company’s net income for the year was $120,000. The company’s return on common stockholders’ equity for the year is closest to:a. 17%.b. 19%.c. 23%.d. 25%. Save Answer39.(Points: 1) The following account balances have been provided for the end of the most recent year:Total assets$150,000Total stockholders’ equity$120,000Total common stock$ 50,000 (5,000 shares)Total preferred stock$ 10,000 (1,000 shares)The book value per share of common stock is:a. $22.b. $25.c. $20.d. $28. Save Answer40.(Points: 1) Dratif Company’s working capital is $33,000 and its current liabilities are $80,000. The company’s current ratio is closest to:a. 1.41 to 1.b. 0.59 to 1.c. 3.42 to 1.d. 0.41 to 1.

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