The following data are provided:

December 31,

2019 2018

10% Cumulative preference shares, 50 par 100,000 100,000

Ordinary shares $10 par 120,000 90,000

Share premiumordinary 80,000 65,000

Retained earnings (includes current year net income) 240,000 215,000

Net income 90,000

Additional information:

On May 1, 2019, 3,000 ordinary shares were issued. The preference dividends were not declared during 2019. The market price of the ordinary shares was 50 at December 31, 2019.

6. The return on ordinary share equity for 2019 is

a. 90 400.

b. 90 440.

c. 80 400.

d. 80 440.

e. none of the above.

7. The book value per share at 12/31/19 is

a. 430 12.

b. 200 12.

c. 330 12.

d. 440 12.

e. none of the above.