Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

kaela

Forum Replies Created

Viewing 1 post (of 1 total)
  • Author
    Posts
  • September 18, 2013 at 10:19 pm #140823
    78f81d36bcad7c6dceac38f09b293e72dba5ce5cbce854c8f0424a7280e92b0b 80kaela
    Participant
    • Topics: 0
    • Replies: 1
    • ☆

    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.

  • Author
    Posts
Viewing 1 post (of 1 total)