Question
Which ONE of the following formulae correctly expresses the relationship between the returnon capital employed (ROCE), net profit margin (NPM) and asset turnover (AT)? A.
Which ONE of the following formulae correctly expresses the relationship between the returnon capital employed (ROCE), net profit margin (NPM) and asset turnover (AT)?
A. ROCE = NPM AT
B. ROCE = NPM + AT
C. ROCE = NPM x AT
D. ROCE = NPM AT
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Intermediate Accounting
Authors: Kin Lo, George Fisher
3rd Edition Vol. 1
133865940, 133865943, 978-7300071374
