He made a gross profit of 22000 and his operating profit


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%

Solution Preview :

Prepared by a verified Expert
Accounting Basics: He made a gross profit of 22000 and his operating profit
Reference No:- TGS02882308

Now Priced at $20 (50% Discount)

Recommended (96%)

Rated (4.8/5)