[Muhammad]

To the best of my knowledge,

ROCE= Average annual profits before interest and tax/Initial capital costs x 100%

or

ROCE= Average annual profits before interest and tax/Average capital investment x 100%

Average capital investment= Initial investment+scrap value/2

Now my question is why do I need to Profit margin x Asset turnover to get ROCE?

[Muhammad]

Thanks so very much for your nice explanation.

[Muhammad]

Hi there, I am an ACCA student from Bangladesh. If I would like to sit for the Sep 2015 exam session. Is it possible to do so? For your kind information I have already applied for the sitting from my ACCA of ACCA portal, but the exam option is stating December 2015.

Please assist me regarding this. It would highly be appreciated should you let me know earlier for further decision.

[Author]

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