A company made a profit after interest of $25\,000$. The interest charged came to $5000$. The company’s statement of financial position included the following figures. Ordinary share capital $100\,000$ Non-redeemable preference shares $50\,000$ Reserves $75\,000$ Debentures (2021-2023) $15\,000$ Bank overdraft $10\,000$ What was the return on capital employed?
- A$10.00\%$
- B$10.42\%$
- C$12.00\%$
- D$12.50\%$