The following extracts of the financial statements of Wiggo have been obtained: $980,000 ($530,000) ($210,000) Revenue Cost of sales Operating expenses Equity $600,000 Loan $300,000 Deferred tax $44,000 Payables $46,000 What is the return on capital employed of Wiggo? A 24.2% В 25.4% C 26.7% D 50%

The following extracts of the financial statements of Wiggo have been obtained: $980,000 ($530,000) ($210,000) Revenue Cost of sales Operating expenses Equity $600,000 Loan $300,000 Deferred tax $44,000 Payables $46,000 What is the return on capital employed of Wiggo? A 24.2% В 25.4% C 26.7% D 50%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The following extracts of the financial statements of Wiggo have been obtained:
Revenue
$980,000
($530,000)
($210,000)
Cost of sales
Operating expenses
Equity
$600,000
Loan
$300,000
Deferred tax
$44,000
Payables
$46,000
What is the return on capital employed of Wiggo?
A
24.2%
В
25.4%
C
26.7%
D
50%

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