... 60 (2 3), 179–185, June 20 01.M. Dolfe, European Cash Management: A Guide to Best Practice, John Wiley & Sons, 1999.R. Cooper, Corporate Treasury and Cash Management, Palgrave Macmillan, 20 03.T. ... Capital Em-ployed (ROCE) appears to be excellent (23 % in 20 04, excluding equity and otherinvestments) and its debt moderate (0.06 times EBITDA 2 ). But the bottling assets,worth $35bn or four ... consolidatedbalance sheet, Coca-Cola’s restated, after-tax ROCE would be 12% , not 23 %, andits debt would be c. 1 .2 times EBITDA, not 0.06 times.Companies often provide this information, as...