Metis June12 Q1_ROE

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August 27, 2018 at 12:39 pm #469639
sss111
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Hi ! Could you tell me how they got the figures for ROE please?
Thank you for your help!
August 27, 2018 at 12:53 pm #469640
Ken Garrett
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Per question, profit before interest and tax is 262,322
Interest is 8.4% x (600,000 – 250,000) = 29,400
Profit after int and tax = (262322 – 29400) x 0.7 = 163045
ROE = 163045/250,000 = 65%
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