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Question - Tom Ltd generated sales of £55,000. He made a gross profit of £22,000, and his operating profit was £8,000. His capital employed was £80,000. Calculate Tom's return on capital employed.
a) 10%
b) 27.5%
c) 68.8%
d) 14.6%
The journal entry recorded by XYZ on the date of redemption would include
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