Multiple Choice
A company has $510 000 in Average ordinary shareholders' equity,Profit of $312 000,and Preferred dividends paid of $15 000.What is the rate of return on ordinary shareholders' equity?
A) 61.2%
B) 62.0%
C) 58.2%
D) 59.3%
Correct Answer:
Verified
Correct Answer:
Verified
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