Van Luther Company had total ordinary equity of £8,650,000 at January 1, 2020 and £9,807,000 at December 31, 2020. The Company had net income for 2020 of £1,400,000 and paid total dividends of £360,000, including the annual preference dividend of £290,000. Van Luther's return on ordinary shareholders equity for 2020 is
*
10.6%.
12.0%.
15.2%.
11.3%.