The following are extracts from the financial statements for the year ended 31 January 20X3 of M: $'000 Issued ordinary shares of $1 200 Share premium account 50 Retained profit 25 Loan stock 80 Profit before interest for the year ended 31 January 20X3 60 What is the return on total capital employed?

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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The following are extracts from the financial statements for the year ended 31 January 20X3 of M:

$'000

Issued ordinary shares of $1 200

Share premium account 50

Retained profit 25

Loan stock 80

Profit before interest for the year ended 31 January 20X3 60

What is the return on total capital employed?

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