A-LevelAccountingAnalysis and communication of accounting information9706/12 · Oct/Nov 2020 · Q201 Mark
A company's financial statements for the year ended 31 December showed the following: $ issued share capital 150 000 non-current liabilities 280 000 reserves including retained earnings 250 000 The company's profit from operations was $160000 and the profit for the year was $120000. What was the company's return on capital employed?
A23.5%
B30.0%
C37.2%
D40.0%
✓ Correct answer
A: 23.5%
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