Question: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Current assets R 48 116 000 R 48 935 000 R 49 004 000 Current liabilities
Dec 31, 2020Dec 31, 2019Dec 31, 2018Current assetsR 48 116 000R 48 935 000R 49 004 000Current liabilitiesR 40 562 000R 36 002 000R 42 435 000InventoryR 2 450 000R 2 494 000R 2 701 000Owners equityR56455 000 R55932 000 R53657000Total liabilitiesR 90 405 000R 86 385 000R 96 058 000Total assetsR 113 452 000R 109 022 000R 109 524 000Net incomeR 14 833 000R 13 425 000R 12 334 000Net profitR 46 014 000R 43 785 000R 45 661 000SalesR 99 870 000R 95 758 000R 103 630 000
What is the return on owners equity (ROE) for the year 2019?
Select one:
a.
24%
b.
1,95:1
c.
78%
d.
1,54:1
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