Augustus Algernon Limited's pre-tax ROCE (return on shareholders' funds) equals: Profit before taxation and after interest Shareholders'
Question:
Augustus Algernon Limited's pre-tax ROCE (return on shareholders' funds) equals:
Profit before taxation and after interest Shareholders' funds 162 120 + 1000 X 100 = 14.46%
Post-tax ROCE (return on shareholders' funds) equals:
Profit after taxation and after interest Shareholders' funds 114 120+ 1 000 X 100 = 10.18%
ROCE (on total capital invested) equals;
_Profit before interest and tax_ Shareholders' funds and long-term capital 186 120+ 1 000 + 480 X 100 = 11.63%
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Related Book For 
Business Accounting And Finance For Non Specialists
ISBN: 9781861528728
1st Edition
Authors: Catherine Gowthorpe
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