A company recorded a profit from operations of $128000 for the year. Interest payable amounted to $8000. At the year end, the company’s statement of financial position showed the following figures: non-current assets $485000 net current assets $27000 non-current liabilities $80000 What was the return on capital employed?
- A20.3%
- B21.6%
- C23.4%
- D25.0%