Accounting 9706 · AS & A Level · Analysis and communication of accounting information

Analysis and communication of accounting information — practice question

A business gave the following figures: cost of non-current assets: $525000$ net book value of non-current assets: $350000$ revenue: $800000$ profit for the year: $160000$ What is the non-current asset turnover?

  • A$0.30$ times
  • B$0.46$ times
  • C$1.52$ times
  • D$2.29$ times

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