From the data below calculate the returns on equity?
Gross earnings……………………N950 000
Current liabilities……………….N100 000
Operating expenses………………..N350 000
10% debentures……………………N400 000
Shareholder’s fund………………..N1300 000Corporate tax is 30%
Current liabilities……………….N100 000
Operating expenses………………..N350 000
10% debentures……………………N400 000
Shareholder’s fund………………..N1300 000Corporate tax is 30%
- A. 33%
- B. 35%
- C. 20%
- D. 30%