Ace your studies and open-book exams with my comprehensive Management and Law module notes! Designed to simplify complex concepts, these notes offer clear summaries, making revision a breeze. Perfect for boosting your understanding and performance!
The Accounting Equation ASSETS = CAPITAL + LIABILITIES
Lecture 2: Vertical/Horizontal and Ratio Analysis
Operating Profit
ROCE = × 100
Return on Capital Employed Equity Funds + Non Current Liabilities
ROCE = OM × ATO
Revenue − COGS Gross Profit
Gross Profit Margin (GM) GM = × 100 = × 100
Revenue Revenue
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