The following extracts are from Hassan’s 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 Hassan’s return on capital employed?
A. 15%
B. 29%
C. 24%
D. 12%
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