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A company paid cash dividends on its preterence shares of $ 40,000 in the ourrent year when its net profit was $ 120 000 and

A company paid cash dividends on its preterence shares of $ 40,000 in the ourrent year when its net profit was $ 120 000 and Itu average ordinary shareholders' equity was $ 640,000. What is the company's returmi on ordinary shareholders' equity?

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