Q1. Jacquet Wholesale Merchandise Inc. had 80,000 shares of 6%, CHF20 par value preference shares and 60,000 shares of CHF25 Par value ordinary shares outstanding throughout 2017.

Total dividends declared in 2017 were $60,000. The preference shares are cumulative and no dividends were paid in 2015 or 2016. The amount of dividends in arrears at December 31, 2017 is a. CHF36,000.

b. CHF192,000.

c. CHF228,000.

d. CHF288,000.

Q2. Lang Inc. reported net income of ((180,000)) during 2017 and paid dividends of 26,000 on ordinary shares. It also has (10,000 6%, 100) par value preference shares outstanding. Ordinary shareholders' equity was (1,200,000) on January 1, 2017, and 1,600,000 on December 31, 2017. The company's return on ordinary shareholders' equity for 2017 is:

Answer: 8.6% how?

Q3. Assume that all statement of financial position amounts for represent average balance figures. Remington Company represent average balance figures.

Shareholders equityordinary $150,000

Total equity 200,000 Sales revenue 100,000 Net income 25,000

Number of ordinary shares 10,000

Ordinary share dividends 10,000

Preference share dividend 4,000

What is the return on ordinary shareholders equity ratio for Remington?

a. 16.7% b. 14.0% c. 10.0% d. 7.3%