The year end of a business is 31 December 2021. On 5 January 2022, inventory was counted and valued at cost, $30000. The following was then discovered. 1 Goods purchased and received after the year end, costing $1500, had been included in the valuation. 2 It included goods returned by a customer after the year end. They had a selling price of $900 which included a mark-up of 25% during the year. 3 Some goods included in the inventory, costing $500, were damaged. They can be sold for $300 after repairs costing $100. Which value of inventory should be included in the financial statements at 31 December 2021?

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What is measured by the return on capital employed ratio?