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	R 40 562 000	R 36 002 000	R 42 435 000
Inventory	R 2 450 000	R 2 494 000	R 2 701 000
Owners equity	R56455 000	R55932 000	R53657000
Total liabilities	R 90 405 000	R 86 385 000	R 96 058 000
Total assets	R 113 452 000	R 109 022 000	R 109 524 000
Net income	R 14 833 000	R 13 425 000	R 12 334 000
Net profit	R 46 014 000	R 43 785 000	R 45 661 000
Sales	R 99 870 000	R 95 758 000	R 103 630 000

tudy the information from IBMs financial statements.

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