Need help on MAC June 2010 paper please!!!!

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CC86
CC86 Registered Posts: 6 New contributor 🐸
Question 2.2 (viii)
I calculate the return on net assetts like this:

2,650,000/5,750,000=0.4608695 or 46.08%

The answer paper says 0.0468 or 4.68%

Is there a mistake in the paper or am i incorrect?

Help me please?

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  • sdv
    sdv Registered Posts: 585 Epic contributor 🐘
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    Returns = net profit = 124,000

    net assets =2,650,000

    return / net assets = 124,000 / 2,650,000 x100 = 4.68%

    sales Revene = 5,750,000. Its was just a co-incident that you divided net assets by sales revenue to arrive at 46.08%
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