A Company's Statements Provided the Following Data: Sales Revenue Equals

Multiple Choice

A company's statements provided the following data: sales revenue equals $4,482,000, gross margin equals $2,689,000, EBIT equals $538,000, net income equals $204,000, current liabilities equal $700,000, long-term liabilities equal $2,800,000, common shares equal $3 million, preferred shares equal $1 million, retained earnings equal $275,000. The return on capital employed (ROCE) for the company is

A) 2.6%
B) 3%
C) 6.9%
D) 7.6%
E) 8.9%