Question 8 The following information pertains to Soho Company. Assume that all statement of financial position amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Property, plant and equipment $210,000 Inventory 20,000 Accounts receivable (net) 30,000 Cash and short-term investments 45,000 Total Assets $305,000 Equity and Liabilities Shareholders' equity-ordinary Non-current liabilities Current liabilities Total Equity and Liabilities $160,000 95,000 50,000 $305,000 Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Net income $120,000 66,000 54,000 30,000 $ 24.000 Number of ordinary shares 6,000 Market price of ordinary shares $20 Dividends per share .50 What is the return on ordinary shareholders' equity for Soho? 15.0% 6.7% 33.8% 75.0%