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Hi My Dear Tutor, I have two questions.
Sales—x
total cost of production-x
production cost of sales
under-absorbed–xhow can i find here gross profit?
Sales-(production cost of sales +under-absorbed)=gross profit-am i right?
Non-current asset–x
Net current asset-x
Operating profit-x
Loan note-x
coming to this question ,how can i find here capital employed?net current asset means current asset -current liabilities
so, non-current asset+current asset=equity +liability when i follow this formula net current asset just confused me to find capital employed?
could you help?
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