Please Help - RONA

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Honey
Honey Registered Posts: 3 New contributor 🐸
in AAT Level 4 (Level 8 in Scotland)
Please could someone tell me which method to use as very confused.
Doing PEV, BTC and DFS this week and my head is full.

Many Thanks

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  • peugeot
    peugeot Registered Posts: 624 Epic contributor 🐘
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    RONA (Return on Net Assets) is a measure of financial performance.

    To calculate RONA what you need to do is say:

    Profit after tax / Non current assets + (current assets - current liabilities)

    Hope that helps.

    Best of luck
    Steve
  • Honey
    Honey Registered Posts: 3 New contributor 🐸
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    Thank you so much.:001_tongue:

    Can get some sleep now.

    Good Luck to all of you taking exams this week.

    H
  • peugeot
    peugeot Registered Posts: 624 Epic contributor 🐘
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    The worst thing you can do is panic!

    Remember:

    YOU DON'T HAVE TO GET 100% TO PASS - "BASIC" AND "BROAD" (B and B)

    "BASIC" = Basic knowledge of what you are doing

    "BROAD" = not question spotting - getting a broad knowledge of the syllabus and knowing how to communicate that to the examiner.

    Best of luck
    Steve

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