Profit after tax of AB Ltd. was ₹3,44,460. Total assets are ₹5,97,70,000 out of which ₹3,57,70,000 was financed from loan funds. Calculate the return on equity :
CS Executive · Cost and Management Accounting · PYQS · December 2019
Profit after tax of AB Ltd. was ₹3,44,460. Total assets are ₹5,97,70,000 out of which ₹3,57,70,000 was financed from loan funds. Calculate the return on equity :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Financial Statement Analysis
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