Noyolla Asset Management reports earnings before interest and tax (EBIT) of R12 550 The
company's times interest earned ratio is 1,33, the tax rate is 40% and the debt ratio is 43,1%, with
total assets valued at R60 647. What is the company's return on equity (ROE)?
1. 5,41%
2.
7,15% x
3. 18,47%
4. 20,63%

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