From the Following Information,calculate Moore Ltd's Rate of Return on Ordinary

question 47

Multiple Choice

From the following information,calculate Moore 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%.

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