(a)  (i)  Calculation of Chicory’s and Fennel’s average capital employed  2 marks
   Calculation of both companies’ ROCE  1 mark
   Comment on the results of the ROCE calculation  1 mark
   Evaluation of ROCE as a performance measure  3 marks
    Maximum 6 marks
   (ii)  Adjustments to operating profit  2 marks
   Calculation of both companies’ EBITDA   1 mark
   Comment on the results of the EBITDA calculation  1 mark
   Evaluating use of EBITDA as a performance measure  6 marks

Maximum 10 marks