234. Harris Corporation had net income of $140,000 and paid dividends of $50,000 to ordinary shareholders and $20,000 to preference shareholders in 2017. Harris Corporations ordinary shareholders equity at the beginning and end of 2017 was $870,000 and $1,130,000, respectively. There are 100,000 weighted-average ordinary shares outstanding.

Harris Corporations return on ordinary shareholders equity was a. 14%. b. 12%. c. 9%.

d. 7%.

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