How can calculate the ROCE RATIO? Profit and loss accounts: -Alpha£000's £000's420,000Beta£000's £000'sTurnover315,000Cost of salesGross profitLess expenses:AdministrationSelling and distributionDirectors' emoluments336.000236.25084,00078,75014,30012,95013,50012,80014,00011,000DepreciationOverdraft interestDebenture interest9,0007,5005003,0004,20052,50050.25028,500Profit before tax31,500Corporation taxProfit after tax20.00011,5003,50025,00048.000Retained profitsRetained profits at year end60.00071,50073,000 Alpha£000's £000'sBeta£000's £000'sFixed AssetsFreehold property at costOther assets at cost105,000188,00063,00084,000DepreciationNet book value21.00066.00042,000147,00018.000206,000Current AssetsStocks70,87579,800Debtors44,075114,95042.420122.220Current LiabilitiesCreditors81,72042,00032,530Overdraft1,420Тахation20,0003,50053.950127.220Net Current Assets/(Liabilities)61.000(5,000)208,000201,000Non-Current Liabilities8% Debentures 20X652,500155,500201,000Financed by:Ordinary sharesRetained profits84,000128,00071,500155,50073.000201,000

Return on capital employed (ROCE) is one of a financial ratio which helps to analyse the ability of…

Profit and loss accounts: - Alpha £000's £000's 420,000 Beta £000's £000's Turnover 315,000 Cost of sales Gross profit Less expenses: Administration Selling and distribution Directors' emoluments 336.000 84,000 236.250 78,750 14,300 13,500 12,950 12,800 11,000 14,000 9,000 500 7,500 Depreciation Overdraft interest Debenture interest 3,000 4.200 52.500 31,500 Profit before tax Corporation tax Profit after tax Retained profits Retained profits at year end 50.250 28,500 _ 3,500 25,000 20.000 11,500 60.000 71,500 48.000 73,000

Profit and loss accounts: - Alpha £000's £000's 420,000 Beta £000's £000's Turnover 315,000 Cost of sales Gross profit Less expenses: Administration Selling and distribution Directors' emoluments 336.000 84,000 236.250 78,750 14,300 13,500 12,950 12,800 11,000 14,000 9,000 500 7,500 Depreciation Overdraft interest Debenture interest 3,000 4.200 52.500 31,500 Profit before tax Corporation tax Profit after tax Retained profits Retained profits at year end 50.250 28,500 _ 3,500 25,000 20.000 11,500 60.000 71,500 48.000 73,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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