Calculate the return on common equity

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Question - The following shows an extract of the reformulated financials of Fula PLC

 

2012
£'000

2011
£'000

Net operating assets

2,400

1,900

Net financial obligations

1,200

1,000

Common Shareholders' Equity

1,200

900

The earnings for 2012 were £207,000.

Required - Calculate the Return on Common Equity (ROCE) using average book values.

Reference no: EM133115148

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