Multiple Choice
From the following information, calculate Todd Ltd's rate of return on ordinary shareholders' funds.
Ordinary share capital $600,000.
Retained profits and reserves $200,000.
180,000 fully paid $2.00 10% Preference shares.
Net profit after tax and before preference dividend $276,000.
A) 30.0%.
B) 16.0%.
C) 20.0%.
D) 26.0%.
Correct Answer:
Verified
Correct Answer:
Verified
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