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Two issues in bpp question 27.1

This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.

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November 16, 2019 at 2:02 pm #552789
farhaanm
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1. Why Asset turnover was expressed as a percentage in task 1? In the lectures asset turnover was not expressed in percentage.
2. In task 2, what is working capital?
November 17, 2019 at 10:12 am #552883
John Moffat
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1. Asset turnover is usually expressed as a number and not as a %’age. In the exam, if the answer is wanted as a % (which is unlikely) then the question will say so.
2. Working capital is current assets less current liabilities.
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