TEST 1

TEST 2
TEST 3
TEST 4
 TEST 5

FALSE (B)

TRUE (A)

ROCE 2021 is lower than ROCE 2022 (B)

18,853 mill. Euros, and 4.9%, respectively (D)

Capitalize all eligible (under IFRS) intangible assets (C)

-496.4 mill. Euros (A)

Is equal to operating profits/losses after taxes, corrected for the cost of debt and the cost of
equity (B)

Compared to Company E, Company F obtains a higher NOPAT margin and a lower capital
employed turnover (D)

-291 mill. Euros (C)

None of the answers are correct (D)