Accounting · Financial Ratio Analysis

Based on the following extracts from the financial statements of Perseus Co, calculate the Return on Capital Employed (ROCE): Operating profit: $230,000 Finance costs: ($15,000) Profit before tax: $215,000 Income tax: ($15,000) Profit for the year: $200,000 Total Equity (Ordinary shares + Revaluation surplus + Retained earnings): $3,500,000 10% Loan Notes: $1,000,000 Current Liabilities: $100,000 Total Equity and Liabilities: $4,600,000