Lang Inc Reported Net Income of €235,000 During 2014 and Paid

question 19

Multiple Choice

Lang Inc. reported net income of €235,000 during 2014 and paid dividends of €26,000 on ordinary shares. It also has 10,000 shares of 6%, €100 par value preference share outstanding. Ordinary shareholders' equity was €1,200,000 on January 1, 2014, and €1,600,000 on December 31, 2014. The company's return on ordinary shareholders' equity for 2014 is:

• A) 14.9%
• B) 12.5%
• C) 10.6%
• D) 16.8%

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Definitions:

Troponin

A protein complex involved in the regulation of skeletal and cardiac muscle contraction, which binds to calcium ions causing a change that allows muscle contraction.

ATPase Activity

The enzymatic activity involved in hydrolyzing ATP (adenosine triphosphate) to release energy.

Thin Myofilament

A component of the muscle fiber responsible for muscle contraction, composed primarily of the protein actin.

Globular (G) Actin

A monomeric form of actin protein that can polymerize to form filamentous (F) actin, part of the cytoskeleton in cells.