PEV June 2009 - RONA and ROCE
twinmeister
Registered Posts: 122 Dedicated contributor 🦉
The answers for section 2.1 b iii) refer to RONA (return on net assets). Is this just another way of saying ROCE?
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Same exam 2.2 a) I got £1,800,000 extra profit, but answer given is £2,400,000?
My calcs
Sales £10,200,000 (1.2m x £8.50)
COS £5,100,000 (1.2 x £4.25)
GP £5,100,000
S&D £400,000
Admin £750,000
Advertising £500,00
Net profit £1,800,000
What did I do wrong?0 -
magnificent jilt, thanks for thread link. Looks like Sandy knows his stuff!!!0
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Hi,
New cost of material is 0.50 cheaper (1200000 x 3.75) = 4500000 cost of sales0 -
Brilliant Jimmyboy - thanks so much. I can move on to next paper and stop scratching head.
ta again :-)0
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