Whetzel Imports reported net income of NT($152,000,) declared dividends on ordinary shares of NT($50,000,) and had an

Question:

Whetzel Imports reported net income of NT$$152,000,$ declared dividends on ordinary shares of NT$$50,000,$ and had an ending balance in retained earnings of NT$$360,000.$ Ordinary shareholders’ equity was NT$$700,000$ at the beginning of the year and NT$$820,000$ at the end of the year. Compute the return on ordinary shareholders’ equity.

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