Calculate the Return on Equity (ROE) for Neerja International, for the year 2020 – 2021 from the details given below: Monthly Sales revenue was ₹…

Calculate the Return on Equity (ROE) for Neerja International, for the year $\displaystyle 2020$ – $\displaystyle 2021$ from the details given below :

	Details	Amount (₹)
i.	Investments	$\displaystyle 10,00,000$
ii.	$\displaystyle 12$% Loan from State Bank of India	$\displaystyle 2,00,000$
iii.	$\displaystyle 8$% Debentures	$\displaystyle 2,00,000$
iv.	Fixed expenses per month
	– Salary	$\displaystyle 1,50,000$
	– Rent	$\displaystyle 50,000$
	– Electricity & Utilities	$\displaystyle 10,000$
v.	Depreciation	$\displaystyle 35,000$
vi.	Tax Rate	$\displaystyle 30$%

Monthly Sales revenue was ₹ $\displaystyle 10,00,000$ and Cost of goods sold was ₹ $\displaystyle 4,00$,000.