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
Ask the Tutor ACCA MA
Asset turnover
11y ago#1You are correct the answer should be 2.5
I do apologise. The test has now been corrected.
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