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Extracts from the financial statements of Persimmon are as follows: Statement of profit or loss Statement of financial position $'000 $'000 Operating profit 230 Ordinary shares 2,000 Finance costs (15) Revaluation surplus 300 Profit before tax 215 Retained earnings 1,200 Income tax (15) 3,500 Profit for the year 200 10% loan notes 1,000 Current liabilities 100 Total equity and liabilities 4,600 What is the return on capital employed?\

Extracts from the financial statements of Persimmon are as follows: Statement of profit or loss Statement of financial position $'000 $'000 Operating profit 230 Ordinary shares 2,000 Finance costs (15) Revaluation surplus 300 Profit before tax 215 Retained earnings 1,200 Income tax (15) 3,500 Profit for the year 200 10% loan notes 1,000 Current liabilities 100 Total equity and liabilities 4,600 What is the return on capital employed?\

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Long-term Liabilities: Bonds And Notes
Section: Chapter Questions
Problem 1PEB: Brower Co. is considering the following alternative financing plans: Income tax is estimated at 40%...
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Extracts from the financial statements of Persimmon are as follows:

Statement of profit or loss Statement of financial position

$'000 $'000

Operating profit 230 Ordinary shares 2,000

Finance costs (15) Revaluation surplus 300

Profit before tax 215 Retained earnings 1,200

Income tax (15) 3,500

Profit for the year 200 10% loan notes 1,000

Current liabilities 100

Total equity and liabilities 4,600

What is the return on capital employed?\

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