Accounting for IGCSE & O level - Advanced Principles (Section 8 - No. 13)
What is the formula for Return on Capital Employed (ROCE)?
Profit for the year / Capital employed * 100
Gross Profit / Revenue * 100
Profit for the year / Revenue * 100
Capital employed / Profit for the year * 100
Paliwanag
The formula is Profit for the year / Capital employed * 100