A-LevelAccountingAnalysis and Interpretation of Financial StatementsFeb/Mar 2017Paper 1 Q171 Mark
The table shows year end information for a company. Income statement: profit from operations $14000; finance costs ($1500); loss on disposal of non-current asset ($2500); profit for the year $10000. Statement of financial position: 5% debenture 2020 $30000; ordinary share capital $70000; share premium account $15000; retained earnings $35000. What is the return on capital employed (ROCE)?
A6.7%
B8.3%
C9.3%
D11.7%
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The correct answer is C. This question tests the candidate's understanding of analysis and interpretation of financial statements within the Accountingsyllabus. The examiner's mark scheme requires...
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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...
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