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Asset turnover

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Asset turnover

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • September 26, 2014 at 7:37 pm #196570
    snahs
    Participant
    • Topics: 9
    • Replies: 14
    • ☆

    Mock exam section b

    sales $500,000
    purchase $ 200,000
    operating profit $ 40,000
    capital employed $ 200,000

    calculate the asset turnover.

    my answer 500000/ 200000= 2.5 / 3

    but the correct answer was 5.
    please explain

    September 27, 2014 at 6:55 am #196604
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54835
    • ☆☆☆☆☆

    You are correct the answer should be 2.5

    I do apologise. The test has now been corrected.

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