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14. Katie Ltd. reported net income of NT$186,000 during 2020 and paid dividends of NT$26,000 on ordinary shares. It also has 10,000 shares of 6%,
14. Katie Ltd. reported net income of NT$186,000 during 2020 and paid dividends of NT$26,000 on ordinary shares. It also has 10,000 shares of 6%, NT$100 par value, non-cumulative preference shares outstanding and paid dividends of NT$60,000 on preference shares. Ordinary shareholders' equity was NT$1,200,000 on January 1, 2020, and NT$1,600,000 on December 31, 2020 (amounts in thousands). The company's return on ordinary shareholders' equity for 2020 is: (A) 10.0%. (B) 7.1%. (C) 9.0%. (D) 13.3%
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