Question: Use the information below to determine the return on Owners` Equity (ROE). Sales/Turnover R400 000 Owners` Equity : R1000 000 Gross Profit R100 000 Preference

Use the information below to determine the return on Owners` Equity (ROE).

Sales/Turnover R400 000 Owners` Equity : R1000 000

Gross Profit R100 000 Preference share Capital: R200 000

Operating Profit R75 000 Shareholders` Interest : R1200 000

Net profit after tax R45 000

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