A company’s capital structure at December 2002 is as follows:
$m
Ordinary share capital 380
Accumulated profits 120
——
500
8% Loan notes 100
——
600
——
The company’s income statement shows the following for the year ended 31 December 2002:
$m
Operating profit 40
Interest paid 8
——
32
Taxation 10
——
22
Dividends paid 10
——
Retained profit for year 12
——
What is the return on equity shareholders’ capital employed, using closing capital figures?
A 4·4%
B 2·4%
C 3·7%
D 5·8%
A 22/500 = 4·4%
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发表于 2008-5-22 11:01
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