Calculate the return on common equity for adelaide plc

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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.

Reference no: EM133128499

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