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Tom Ltd generated sales of 55,000. He made a gross profit of 22,000, and his operating profit was 8,000. His capital employed was 80,000. Calculate Tom's return on capital employed. a) 10% b) 27.5% c) 68.8% d) 14.6%

Tom Ltd generated sales of 55,000. He made a gross profit of 22,000, and his operating profit was 8,000. His capital employed was 80,000. Calculate Tom's return on capital employed. a) 10% b) 27.5% c) 68.8% d) 14.6%

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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Tom Ltd generated sales of 55,000. He made a gross profit of 22,000, and his operating profit was 8,000. His capital employed was 80,000. Calculate Tom's return on capital employed. a) 10% b) 27.5% c) 68.8% d) 14.6%
Transcribed Image Text:Tom Ltd generated sales of 55,000. He made a gross profit of 22,000, and his operating profit was 8,000. His capital employed was 80,000. Calculate Tom's return on capital employed. a) 10% b) 27.5% c) 68.8% d) 14.6%
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