Gross earnings................N950,000
Current lia...
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?
33%
35%
20%
30%
Correct answer is D
No explanation has been provided for this answer.
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