The equity of Yang Pty Ltd was $210 000 at 30 June 2015. During the year ended
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The equity of Yang Pty Ltd was $210 000 at 30 June 2015. During the year ended 30 June 2016, Yang made a profit of $70 000 and declared dividends of $40 000.
Required
Calculate the dividend payout and the return on ordinary shareholders’ equity for the year ended 30 June 2016.
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