Calculate the return on ordinary equity

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The following data are from the financial statements of Parada, Inc.:

                                       December 31, 2019                January 1, 2019
Total Assets                     180,000                                 140,000

Total Equity                      144,000                                  112,000

Total Preference Equity          30,000                                30,000

Preference Dividends Declares    2,400                                         -

Profit                                      20,000                                        -

Interest Expense                           5,750                                   -

Problem 1: Calculate the following ratios:

1. Return on total assets
2. Return on ordinary equity

Reference no: EM132789903

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