A-LevelAccountingAnalysis and communication of accounting information9706/12 · Feb/Mar 2022 · Q211 Mark

The following information for a limited company at 31 December 2021 is available. ordinary share capital $300000, retained earnings $110000, 8% debenture $100000. Retained earnings at 1 January 2021 were $82000. An interim dividend of $45000 was paid on 1 May 2021. What was the return on capital employed for the year ended 31 December 2021?

A6.83%

B7.06%

C14.31%

D15.88%

✓ Correct answer

D: 15.88%

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Topic: Analysis and communication of accounting information, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Feb/Mar 2022 Paper 1 Variant 2, question 21.

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