Question

When,
Share capital = £600,000
Profit before finance costs and tax = £1,000,000
Long term loans = £2,000,000
Retained earnings = £3,400,000.

What is the return on capital employed? Choose the nearest.
a) 17%
b) 25%
c) 39%
d) 167%

Answer 1

Answer:

39%....................