A Company Has $510 000 in Average Ordinary Shareholders' Equity,Profit

question 73

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%

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Definitions:

Electronically Communicate

The process of exchanging information and conducting transactions through electronic means, such as email, instant messaging, and electronic data interchange (EDI).

MRP System

Material Requirements Planning System, a computer-based system used for planning and scheduling production and inventory control.

Bill of Materials

A comprehensive list detailing all materials, components, and assemblies required to build or manufacture a finished product.