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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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