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From the following information, calculate Todd Ltd's rate of return on ordinary shareholders' funds. Average ordinary shareholders' capital = $600,000. Average retained profits and reserves
From the following information, calculate Todd Ltd's rate of return on ordinary shareholders' funds.
Average ordinary shareholders' capital = $600,000.
Average retained profits and reserves = $200,000.
Net profit after tax and before preference dividends = $276,000.
180,000 fully paid $2.00 10% preference shares.
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