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ABC Company reports the following amounts for 2020: Net income 160,000. Average shareholders' equity 2,000,000. Preference dividends 45,000. Par value preference shares 250,000.The 2020 return

ABC Company reports the following amounts for 2020: Net income 160,000. Average shareholders' equity 2,000,000. Preference dividends 45,000. Par value preference shares 250,000.The 2020 return on ordinary shareholders' equity is

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