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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 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%
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