The following extracts are from Hassans financial statements:

$

Profit before interest and tax 10,200

Interest (1,600)

Tax (3,300)

Profit after tax 5,300

Share capital 20,000

Reserves 15,600

35,600

Loan liability 6,900

42,500

What is Hassans return on capital employed?

A 15%

B 29%

C 24%

D 12%