Use the following information to answer the question given \(\begin{array}{c|c} & ₦ \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & 520,000\\ \...

Answer Details

The capital employed refers to the total amount of capital that a company has used to generate its income or revenue. It is calculated by adding the total assets and the total liabilities of a company. In this case, the total assets of the company are ₦520,000 and the total current liabilities are ₦150,000. Therefore, the capital employed can be calculated as follows: Capital Employed = Total Assets - Current Liabilities Capital Employed = ₦520,000 - ₦150,000 Capital Employed = ₦370,000 Therefore, the capital employed in this scenario is ₦370,000.