A-LevelAccountingInterpretation of Financial StatementsFeb/Mar 2018Paper 1 Q171 Mark
The statement of financial position of X Limited at 31 December 2017 shows the following. $000 non-current assets 1350 current assets 140 ordinary share capital 900 general reserve 150 10% debentures 200 current liabilities 90 retained earnings 150 The profit from operations for the year was $65000 and the finance costs were $20000. What is the return on capital employed for 2017?
A3.21%
B4.64%
C5.7%
D5.91%
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of 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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