You are presented with the following information relating to three companies: Required: Calculate the following accounting ratios:
Question:
You are presented with the following information relating to three companies:
Required:
Calculate the following accounting ratios:
(a) Return on capital employed
(b) Capital gearing.
Transcribed Image Text:
Statement of profit or loss for the year to 31 March 2017 Mark Limited £000 64 Profit before tax Capital and reserves Ordinary share capital of £1 each Share premium account Retained earnings Statement of financial position (extracts) at 31 March 2017 Luke Limited £000 Shareholders' funds Non-current liabilities Cumulative 15% preference shares of £1 each 10% debentures loans Mark Limited £000 100 150 250 ' |° || Luke Limited £000 22 0 177 70 60 307 20 John Limited £000 55 yoll John Limited £000 60 20 200 280 10 100 110
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Return on capital employed ROCE measures the profitability of a compan...View the full answer
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Related Book For
Accounting For Non-Accounting Students
ISBN: 9781292128979
9th Edition
Authors: John R. Dyson, Ellie Franklin
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