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The following financial information is available for Crane SA. 2020 2019 Average ordinary shareholders equity 1,205,000 800,000 Dividends paid to ordinary shareholders 59,000 31,500 Dividends
The following financial information is available for Crane SA.
| 2020 | 2019 |
Average ordinary shareholders equity | 1,205,000 | 800,000 |
Dividends paid to ordinary shareholders | 59,000 | 31,500 |
Dividends paid to preferred shareholders | 30,000 | 30,000 |
Net income | 308,355 | 195,600 |
Market price of ordinary shares | 21 | 17 |
The weighted-average number of ordinary shares outstanding was 78,000 for 2019 and 103,000 for 2020.
Calculate return on ordinary shareholders equity for 2020 and 2019.
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