A-LevelAccountingInterpretation of Financial StatementsOct/Nov 2020Paper 1 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
The correct answer is A. This question tests the candidate's understanding of interpretation of financial statements within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep