https://www.xtremepapers.com/community/threads/statement-of-changes-in-equity.41642/Guys, does any one here know any shit about something called Statement of changes in equity? My class did not take it at all, it is not in the book and no one seems to know about it here, however it is in the syllabus. If you took it can you please explain it for me? I cant find any online source that explains it.
I used the capital employed formula, capital employed= capital+non current liabilities and and also cap. employed=Assets - current liabilities and for both I got 350,000 as the capital employedSame but i got ROCE of 12.3%.
Did u take bank loan and debentures as capital employed?