O-LevelAccountingAnalysis and interpretation7707/11 · May/June 2014 · Q281 Mark

What information is required to calculate the return on capital employed for a sole trader?

Agross profit, non-current liabilities, owner's capital

Bgross profit, non-current liabilities, working capital

Cprofit for the year, non-current liabilities, owner's capital

Dprofit for the year, non-current liabilities, working capital

✓ Correct answer

C: profit for the year, non-current liabilities, owner's capital

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2014 Paper 1 Variant 1, question 28.

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