The profit for the year ended was $300 000. The company has no preference shares. Ordinary shareholders' equity was $1 400 000 at the beginning of the year and $1 600 000 at the end of the year. The return on ordinary shareholders' equity would be:
A) 21.43%.
B) 20.00%.
C) 18.75%.
D) 87.50%.
Correct Answer:
Verified
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