Goodwin Pope
09/29/2023 · Middle School
A company has sales of \( £ 1,500,000 \) for the year. The asset (capital) turnover for the year was 5 times return on capital employed was \( 8 \% \). What was the net profit before interest and tax for the year? \( £ 62,000 \) \( £ 15,000 \) \( £ 24,000 \) \( £ 40,000 \)
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The net profit before interest and tax is \( £24,000 \).
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