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  3. a company has a tax rate of 28%. it has an operati

A company has a tax rate of 28%. It has an operating profit margin of...

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Accounting

A company has a tax rate of 28%. It has an operating profit margin of 12%. The company has EBIT of R120 000 and generates R5 in Sales for every R2 in Assets. Its interest expense is R30 000. The Debt/Equity Ratio of the company is 0.75. The Return on Equity (ROE) of this company is closest to? A. 11.03% B. 28.35%

C. 25.20% D. 12.15%

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