Van Luther Company had total equity of £8,650,000 at January 1, 2014 and £9,807,000 at December 31, 2014. The Company had net income for 2014 of £2,335,500 and paid total dividends of £600,000, including the annual preference dividend of £480,000. Van Luther's return on equity for 2014 is

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The Answer of Van Luther Company had total equity of £8,650,000 at January 1, 2014 and £9,807,000 at December 31, 2014. The Company had net income for 2014 of £2,335,500 and paid total dividends of £600,000, including the annual preference dividend of £480,000. Van Luther's return on equity for 2014 is

Van Luther Company Had Total Equity of £8,650,000 at January