The net profit of a company for the year ended was $550,000.The company has no preference shares.Ordinary shareholders' equity was $1,600,000 at the beginning of the year and $2,600,000 at the end of the year.Calculate the return on ordinary shareholders' equity.
A)21.15%
B)34.38%
C)17.46%
D)26.19%

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The Answer of The net profit of a company for the year ended was $550,000.The company has no preference shares.Ordinary shareholders' equity was $1,600,000 at the beginning of the year and $2,600,000 at the end of the year.Calculate the return on ordinary shareholders' equity.
A)21.15%
B)34.38%
C)17.46%
D)26.19%

The Net Profit of a Company for the Year Ended