Use the Following Information to Answer Questions 28 and 29

question 58

Multiple Choice

Use the following information to answer questions 28 and 29.
Kestal Ltd reported sales of $500 000 for the year ending 31 December. The net profit before interest and tax was $120 000, and the net profit after tax was $90 000. The average of total assets was
$1 000 000. The average shareholders' equity was $700 000.
-What is the return on equity for the year ending 31 December?

• A) 9%
• B) 12%
• C) 12.9%
• D) 17.1%