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The following extracts are from Sign Bite Ltd financial statements:
$
Profit before interest and tax 12,000
Interest (1,800)
Tax (3,200)
Profit after tax 7,000
Share capital 40,000
Reserves 12,000
Loan liability 15,000
Problem 1: What is Sign Bite Ltd's return on capital employed?
Select one:
a. 10.4%
b. 13.5%
c. 17.9%
d. 23.1%
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