Revival Company's annual report is follows. $\begin{array}{|l|l|l|}
\hline& 31 \text { March 2016 } & 31 \text { March 2017 } \
\hline \text { Net profit } & \$ 352,000 & \$ 432,500 \
\hline \text { Preference dividends } & & \
\hline \text { Total shareholders'equity } & \$ 4,360,000 & \$ 5,222,000 \\hline \text { Shareholders' equity attributable to } & \
\text { oreference shares } &0&0 \
\hline \text { Number of ordinary shares outstanding } & 288,000&201,000\
\hline
\end{array}$ Based on the information provided,find the rate of return on ordinary shareholders' equity on 31 March 2017.

Question

Revival Company's annual report is follows. $\begin{array}{|l|l|l|} 
\hline& 31 \text { March 2016 } & 31 \text { March 2017 } \
\hline \text { Net profit } & \$ 352,000 & \$ 432,500 \
\hline \text { Preference dividends } & & \
\hline \text { Total shareholders'equity } & \$ 4,360,000 & \$ 5,222,000 \\hline \text { Shareholders' equity attributable to } & \
\text { oreference shares } &0&0 \
\hline \text { Number of ordinary shares outstanding } & 288,000&201,000\
\hline
\end{array}$ Based on the information provided,find the rate of return on ordinary shareholders' equity on 31 March 2017.

Quizplus · Accepted Answer

The Answer of Revival Company's annual report is follows. $\begin{array}{|l|l|l|} 
\hline& 31 \text { March 2016 } & 31 \text { March 2017 } \
\hline \text { Net profit } & \$ 352,000 & \$ 432,500 \
\hline \text { Preference dividends } & & \
\hline \text { Total shareholders'equity } & \$ 4,360,000 & \$ 5,222,000 \\hline \text { Shareholders' equity attributable to } & \
\text { oreference shares } &0&0 \
\hline \text { Number of ordinary shares outstanding } & 288,000&201,000\
\hline
\end{array}$ Based on the information provided,find the rate of return on ordinary shareholders' equity on 31 March 2017.

Revival Company's Annual Report Is Follows Based on the Information Provided,find the Rate of Return on