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Find the return on ordinary share equity for dental company

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Question - Dental Company paid preference dividends of €210,000 and reported net income of €580,000. Its average ordinary shareholders' equity is €1,850,000 and it has 200,000 ordinary shares outstanding. Find the return on ordinary share equity for the Dental Company?

a. 20%.

b. 42%.

c. 21%.

d. 31%.

e. Cannot be determined

Reference no: EM132845645

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