The total value of fixed and current assets is referred to as "capital employed." This represents the total amount of capital that a business has invested in its assets in order to generate revenue. Fixed assets include items like buildings and equipment that are used in the long-term operation of the business, while current assets include items like inventory and accounts receivable that are expected to be converted into cash within a year. By adding these two types of assets together, we get the total amount of capital that the business has employed in its operations.