A company’s financial statements for the year ending 31 December presented these figures: issued share capital: $150000$ non-current liabilities: $280000$ reserves including retained earnings: $250000$ The company recorded a profit from operations of $160000$ and a profit for the year of $120000$. What was the return on capital employed for the company?
- A23.5\%
- B30.0\%
- C37.2\%
- D40.0\%