Question

  RST Ltd’s has the following information Sales = 300000 Cost of Goods Sold = Rs 140000 Pre-Interest Operating Expenses = Rs 30000 Interest Expenses = Rs 10000 Tax rate = 20% Average total assets = Rs 1000000 What is RST Ltd’s Return on Assets?

A 22%
B 12%
C 9.6%
D 10.6%
E 11.6%
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