=+30 per cent. In Year 1, the Return on Capital Employed (EBIT divided by (debt plus equity))
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=+30 per cent. In Year 1, the Return on Capital Employed (EBIT divided by (debt plus equity)) for each company is 25 per cent; in Year 2 it is only 7.5 per cent.
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Related Book For 
Corporate Finance For Business The Essential Concepts
ISBN: 9783030924188
2nd Edition
Authors: Ronny Manos, Keith Parker, D. R. Myddelton
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