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Question - This is an extract of the Statement of Shareholders' Equity at 30th June 2020 of Adelaide PLC.
£m
Shareholders' equity at 1st July 2019 225.6
Dividends paid to ordinary shareholders 12.5
Ordinary shares issued on 30th June 2020 45.5
Shareholders' equity at 30th June 2020 300.4
Required - Calculate the Return on Common Equity (ROCE) for Adelaide PLC.
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