O-LevelAccountingAnalysis and interpretation7707/11 · May/June 2022 · Q321 Mark

A trader provided the following information. Profit for the year: $24 000 Working capital: $20 000 Capital: $120 000 Non-current liability: $30 000 What was the return on capital employed?

A14.12%

B16.00%

C17.14%

D20.00%

✓ Correct answer

B: 16.00%

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2022 Paper 1 Variant 1, question 32.

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