A-LevelAccountingAnalysis and communication of accounting information9706/12 · Feb/Mar 2023 · Q211 Mark
The year-end statement of financial position of X Limited at 31 December shows the following: $000 non-current assets 1350 current assets 140 ordinary share capital 900 general reserve 150 long-term loan 200 current liabilities 90 retained earnings 150 The profit from operations for the year was $65000 and finance costs were $20000. What was the return on capital employed for the year?
A3.21%
B4.64%
C5.7%
D5.91%
✓ Correct answer
B: 4.64%
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