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ROCE need help.

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › ROCE need help.

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by John Moffat.
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    Posts
  • November 6, 2015 at 6:59 pm #280897
    dianne2
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    bpp mcq 1.3

    Revenue $200M
    Asset turnover 10 times
    Interest payable $1.5
    interest cover ratio 5 times
    what is roce?
    and they got turnover as $14 how

    November 7, 2015 at 6:33 am #280947
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    I am away from home until Tuesday and so I do not have the BPP book with me.

    However on what you have written, there turnover is not $14 – that makes no sense at all.

    The operating profit is 5 x 1.5M = $7.5M
    Therefore the profit margin = 7.5/200 = 3.75%

    ROCE = Asset turnover x profit margin = 10 x 3.75% = 37.5%

    Are you sure you have copied the question correctly?

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