Question: What does the Return on Capital Employed ( ROCE ) ratio primarily measure? The profitability before interest and tax. The proportion of sales that become

What does the Return on Capital Employed (ROCE) ratio primarily measure?
The profitability before interest and tax.
The proportion of sales that become net profit.
The rate of return on shareholders' equity.
The efficiency of a company's asset utilization.
 What does the Return on Capital Employed (ROCE) ratio primarily measure?

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