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 8 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts November 6, 2015 at 6:59 pm #280897 dianne2MemberTopics: 1Replies: 0☆bpp mcq 1.3Revenue $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 MoffatKeymasterTopics: 56Replies: 53809☆☆☆☆☆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?AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In