Gross earnings................N950,000
Current liabilities............N100,000
Operating expenses........N350,000
10% debentures..............N400,000
Shareholder's fund.......N1,300,000
Corporate tax is 30%
From the data above calculate the returns on equity?
A.
33%
B.
35%
C.
20%
D.
30%
Correct answer is D
No explanation has been provided for this answer.
