Harris Corporation Had Net Income of $180,000 and Paid Dividends

Multiple Choice

Harris Corporation had net income of $180,000 and paid dividends of $50,000 to ordinary shareholders and $20,000 to preference shareholders in 2014. Harris Corporation's ordinary shareholders' equity at the beginning and end of 2014 was $870,000 and $1,130,000, respectively. There are 100,000 weighted-average ordinary shares outstanding. Harris Corporation's return on ordinary shareholders' equity was

A) 18%.
B) 16%.
C) 13%.
D) 11%.