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Hi John,
For part b, in the examiner answer,
For the capital employed figures, the examiner has used (net assets-current liab) to compute.
As I know there are few way to calculate the capital employed and one of the other way is (equity+ LT liab).If I had used the latter formula, a different figure will be derived. Will it be correct?
And I am unsure of which formula should I used if I faced the similar situation in exam? Could you please advise?
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