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

Analysis and communication of accounting information — practice question

Abdul is evaluating how profitable and efficient his business is, using these figures taken from the financial statements: - Non-current assets at cost $70000 - Net book value of assets $53000 - Revenue $340000 - Profit from operations $84000 Calculate the non-current asset turnover.

  • A1.20 times
  • B1.58 times
  • C4.86 times
  • D6.42 times

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