Question
A firm has total assets of$900,000 and total liabilities of$400,000. There are no preference shareholders. Earnings before interest and taxes are$100,000. Interest is$21,000 and taxes
A firm has total assets of$900,000 and total liabilities of$400,000. There are no preference shareholders. Earnings before interest and taxes are$100,000. Interest is$21,000 and taxes are$34,000. The return on ordinaryshareholders' fundsis:
A. 9.0%.
B. 8.0%.
C. 12.5%.
D. 3.8%.
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Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
