Question: Presented below is information reported by Oriole Ltd. for its past two fiscal years: Dec 31, 2024 Dec 31, 2023 Common shares $80000 $68000
Presented below is information reported by Oriole Ltd. for its past two fiscal years: Dec 31, 2024 Dec 31, 2023 Common shares $80000 $68000 7% preferred shares, no par value, cumulative 356000 356000 Retained earnings (post closing) 94000 76000 Net income for year 68000 33000 What is Oriole's rate of return on common shareholders' equity for 2024?
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