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kaela

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  • September 18, 2013 at 10:19 pm #140823
    78f81d36bcad7c6dceac38f09b293e72dba5ce5cbce854c8f0424a7280e92b0b 80kaela
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    the question stipulates that the formula to use is average profit(over 4 years) divided by capital employed(not average investment).capital employed=total assets less current liabilities(in question it is stated to ignore receivables & payables)hence 75 + 25.hope this helps.

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