The information below has been taken from the financial statements of a limited company. Statement of profit or loss for the year: operating profit: $\$59800$ finance costs: $\$12000$ profit for the year: $\$47800$ Statement of financial position at year end: equity: ordinary share capital: $\$700000$ retained earnings: $\$72500$ total equity: $\$772500$ non-current liabilities: $10\%$ debentures: $\$120000$ What is the return on capital employed?
- A5.36%
- B6.19%
- C6.70%
- D7.74%