Gomez Company Reports the Following Amounts for 2014 The 2014 Rate of Return on Ordinary Shareholders' Equity Is

question 232

Multiple Choice

Gomez Company reports the following amounts for 2014: $$\begin{array} { l r } \text { Net income } & \$ 150,000 \\\text { Average shareholders' equity } & 2,600,000 \\\text { Preference dividends } & 48,000 \\\text { Parvalue preference shares } & 200,000\end{array}$$ The 2014 rate of return on ordinary shareholders' equity is

• A) 5.1%.
• B) 5.7%.
• C) 7.5%.
• D) 8.3%.

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Definitions:

Physical Impairment

Physical impairment involves a limitation on a person's physical functioning, mobility, dexterity, or stamina.

Undue Hardship

An action requiring significant difficulty or expense, often used in legal contexts to assess accommodations in employment or education.

Reasonably Accommodate

The obligation of employers to make adjustments or modifications to the workplace for employees with disabilities, as long as it does not cause undue hardship.

Americans Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places that are open to the general public.