Accounting for IGCSE & O level - Final Statements (Section 6 - No. 48)
Which of the following is NOT an element used in the calculation of capital employed?
Net current assets.
Non-current assets.
Non-current liabilities.
Trade payables.
Explication
Capital employed = Non-current assets + Net current assets, or Capital employed = Total assets - current liabilities. Therefore, trade payables (current liabilities) are not included in the capital employed calculation.