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

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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Please give me answer Accounting question

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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