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Lang Inc. reported net income of €180,000 during 2017 and paid dividends of €26,000 on ordinary...

Lang Inc. reported net income of €180,000 during 2017 and paid dividends of €26,000 on ordinary shares. It also has 10,000 6%, €100 par value preference shares outstanding. Ordinary shareholders' equity was €1,200,000 on January 1, 2017, and €1,600,000 on December 31, 2017. The company's return on ordinary shareholders' equity for 2017 is: a. 9.6% b. 8.6% c. 11.0% d. 6.7%

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