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The equity of Yang Pty Ltd was $219,500 at 30 June 2015. During the year...

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Accounting

The equity of Yang Pty Ltd was $219,500 at 30 June 2015. During the year ended 30 June 2016, Yang made a profit of $69,700 and declared dividends of $41,400. Required Calculate the dividend payout rate and the return on ordinary shareholders equity for the year ended 30 June 2016. (Round dividend payout rate and return on shareholders' equity to 1 decimal place, e.g. 15.6%.) Yang Pty Ltd Dividend payout rate % Return on shareholders equity % Shareholders equity at 30 June 2016 $

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