Gross earnings........................?950 000 Current liabilities...................?100 000 Operating expenses....................?350 000 10% debentures....
Question 1 Report
Gross earnings........................?950 000
Current liabilities...................?100 000
Operating expenses....................?350 000
10% debentures........................?400 000
Shareholder's fund....................?1300 000
Corporate tax is 30%
From the data above calculate the returns on equity?
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