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Blossom Corporation's suite of software products and services provides secure and scalable solutions for global companies. The following is an extract from the company's 2024
Blossom Corporation's suite of software products and services provides secure and scalable solutions for global companies. The following is an extract from the company's 2024 and 2023 comparative income statements and statement of financial position. The market price of Blossom's common shares was $41.18 and $38.50 on June 30,2024 , and June 30,2023 , respectively. Blossom declared dividends per common share of $0.482 and $0.416 for 2024 and 2023 , respectively. (a1) F Your answer is incorrect. Calculate the return on shareholders' equity for Blossom in 2024. Note that Blossom's articles of incorporation authorize only common shares. The average return for the shares listed on the Toronto Stock Exchange in a comparable period was 19.8\%. (Round answer to 1 decimal place, e.g. 15.2\%.) Return on shareholder's equity %
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