May I ask for an explanation and solution to the question for a better understanding. Thank you! What is Moore's rate of return on average shareholders' equity for 2021?   a. 16.0% b. 20.0% c. 23.5% d. 26.0%

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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May I ask for an explanation and solution to the question for a better understanding. Thank you!

What is Moore's rate of return on average shareholders' equity for 2021?
 
a. 16.0%
b. 20.0%
c. 23.5%
d. 26.0%
December 31
2020
2021
Preferred Shares
P180,000
P180,000
840,000
Ordinary Shares
Retained earnings
Net income for year ended
648,000
192,000
360,000
144,000
240,000
Transcribed Image Text:December 31 2020 2021 Preferred Shares P180,000 P180,000 840,000 Ordinary Shares Retained earnings Net income for year ended 648,000 192,000 360,000 144,000 240,000
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