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O-LevelAccountingAnalysis and interpretation7707/11 · Oct/Nov 2015 · Q291 Mark

Anwar's profit for the year was $28 000. He provided the following information at the end of his financial year. $ capital | 112000 current assets | 80000 current liabilities | 20 000 non-current assets | 140000 long-term loan | 88 000 What was the profit for the year as a percentage of capital employed?

A7%

B14%

C20%

D25%

✓ Correct answer

B: 14%

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2015 Paper 1 Variant 1, question 29.

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