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

Analysis and communication of accounting information — practice question

The financial statements of a company give the figures below. Sales: $570000$ Cost of goods sold: $210000$ Operating expenses: $65000$ Non-current assets: $250000$ Capital employed: $310000$ What is the non-current asset turnover?

  • A1.18 times
  • B1.24 times
  • C1.44 times
  • D2.28 times

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