A company's net income before interest & tax was OMR 400000 for its most recent year. The company's income statement included Income Tax Expense of OMR 140000 and Interest Expense of OMR 60000. At the beginning of the year the company's shareholders' equity was OMR 1900000 and at the end of the year it was OMR 2100000. Long term loan ( Debt) was OMR 800000. Calculate return on capital employed Select one: a. 13.7% b. 16.1% c. 11.7% d. 9.5%
A company's net income before interest & tax was OMR 400000 for its most recent year. The company's income statement included Income Tax Expense of OMR 140000 and Interest Expense of OMR 60000. At the beginning of the year the company's shareholders' equity was OMR 1900000 and at the end of the year it was OMR 2100000. Long term loan ( Debt) was OMR 800000. Calculate return on capital employed Select one: a. 13.7% b. 16.1% c. 11.7% d. 9.5%
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter2: Financial Statements And The Annual Report
Section: Chapter Questions
Problem 2.8E: Income Statement Ratio The income statement of Holly Enterprises shows operating revenues of...
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A company's net income before interest & tax was OMR 400000 for its most recent year. The company's income statement included Income Tax Expense of OMR 140000 and Interest Expense of OMR 60000. At the beginning of the year the company's shareholders' equity was OMR 1900000 and at the end of the year it was OMR 2100000. Long term loan ( Debt) was OMR 800000.
Calculate return on capital employed
Select one:
a. 13.7%
b. 16.1%
c. 11.7%
d. 9.5%
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