WAEC Accounting 2013 Objective — Question 12
Question 12 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.
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(Using the same information as Q10) The returns on capital employed is
- A. 17.2%
- B. 16.2%Correct
- C. 15.2%
- D. 11.2%
Explanation
Return on capital employed = profit/capital employed = 60,000/370,000 = 16.2%.
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