From the data above 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 000
Corporate tax is 30%
From the data above calculate the returns on equity?
A 33%
B 35%
C 20%
D 30%
Answer is D
Tag:2006 Jamb Accounting, Jamb, Jamb 2006 accounting questions and answers, Jamb 2006 financial accounting questions and answers, Jamb Accounting, Jamb accounting past questions, Jamb accounting past questions and answers, Jamb Accounts, Jamb financial accounting, Jamb financial accounting questions and answers, Jamb past questions and answers on accounting, Jamb past questions and answers on financial accounting, Joint Admissions and Matriculation Board
