long term capital

This topic has 1 reply, 2 voices, and was last updated 7 years ago by Ken Garrett.

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February 28, 2019 at 8:19 pm #506888
rouquinblanc
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Hello

This might sound like an easy one but is long term capital = shareholder capital + reserves + long term liability as well as being = fixed asset?

As one question stated that the depreciated asset was used as the base for ROCE

thank you
February 28, 2019 at 8:46 pm #506901
Ken Garrett
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Picture the SOFP.

NCA + CA = SC + Reserves + Long term liabs + CL

Long term capital = SC + Reserves + Long term liabs

So this equals NCA + CA – CL
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