Sofp Formulas Flashcards
1
Q
Net assets
A
Non current assets + current assets - current liabilities
2
Q
Net book value
A
Cost of non current asset - the accumulated depreciation
3
Q
Working capital or net current assets
A
Current assets - current liabilities
Both currents take away
4
Q
Capital employed
A
Total of capital + retained profit - drawings
5
Q
Retained profit
A
Sales - total cost
