june 2010 Q2

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May 15, 2017 at 11:48 am #386263
accountant4life
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JUNE 2010 Q2 a

bpp text book stated that ROCE is 18.4% how did they get this figure pleas as am getting 20.1%?
June 5, 2017 at 9:54 am #390470
Miraj
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ROCE = PBIT / Capital Emplyed

= (Profit before tax 1200 + Finance costs 300) / (9300 – 1050)
= 18.2 %
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