Eko Retail Stores Plc reported the following results for Q3 2023: Net profit = ₦18,750,000; Total assets = ₦125,000,000; Current liabilities = ₦25,000,000; Long-term debt = ₦50,000,000. What is the company's Return on Capital Employed (ROCE)?

ROCE = (Net profit ÷ Capital Employed) × 100. Capital Employed = Total assets − Current liabilities = ₦125,000,000 − ₦25,000,000 = ₦100,000,000. ROCE = (₦18,750,000 ÷ ₦100,000,000) × 100 = 18.75%. Wait — this gives 18.75%, so the correct answer is B. Capital employed excludes only current liabilities from total assets; ROCE = 18,750,000/100,000,000 = 18.75%.