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I have some problem with calculating ROCE and net assest turnover after (ii) adjusting profit from sale of the division. I deducted $1million from retaining earning when I calculated the capital employed. But my answer is not correct when comparing with ACCA answer. In the answer of ACCA, there is not detail explaination.
I hope some one could explain to me.
Thank you so much
Because it is a long question so I add the link to question and answer right here.
If there is any inconvenient with this, please tell me. I will edit my post.
Why have you deducted the $1m from retained earnings? What figure have you calculated for ROCE?
Let me know and I might be able to help further.