Lang Inc. reported net income of 180,000 during 2017 and paid dividends of 26,000 on...
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Lang Inc. reported net income of 180,000 during 2017 and paid dividends of 26,000 on ordinary shares. It also has 10,000 6%, 100 par value preference shares outstanding. Ordinary shareholders' equity was 1,200,000 on January 1, 2017, and 1,600,000 on December 31, 2017. The company's return on ordinary shareholders' equity for 2017 is: a. 9.6% b. 8.6% c. 11.0% d. 6.7%
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