The following details have been extracted from the financial statements of a limited company. statement of profit or loss for the year profit from operations $59 800 finance costs $12000 profit for the year $47 800 statement of financial position at the year end equity ordinary share capital $700000 retained earnings $72500 total equity $772 500 non-current liabilities 10% debentures $120000 What was the return on capital employed?
✓ Correct answer
C: 6.70%
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