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The question required the candidate to calculate the following
- Total fixed assets,
- Total current assets
- Total current liabilities
- The working capital
- The capital employed.
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Most candidates attempted this question and performed above average. However, the different method of calculating capital employed should be noted.
(i)
Capital Employed = Total Assets - Current Liabilities
OR
(ii) Capital Employed = Total Assets.
OR
(iii) Capital Employed = Total Assets - (Less) Debtors
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