• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA Books

Books for Sept'23 ACCA exams : Get your discount code >>

New! Ask ACCA AI Tutor

Post your questions
& get instant answers

Ratios

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Ratios

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 18, 2022 at 11:58 pm #663411
    Anonymous
    Inactive
    • Topics: 28
    • Replies: 15
    • ☆

    When we are given opening and closing balances of receivables then we add them and divide by 2 to get average receiveables. BUT if we are given the only closing balance then we should divide it by 2 or not to get the average?

    Secondly, do we take the average investment figures in ROI formula?

    August 19, 2022 at 11:44 am #663498
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 53174
    • ☆☆☆☆☆

    If only given the closing balance then you use it. Dividing it by 2 would be meaningless.

    Unless the question specifies otherwise, then for Paper PM we usually use the opening net assets when calculating the ROI on the basis that it is these assets that will be generating the profit for the year.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

 

ACCA Qualification syllabus changes for 2023/24

Need verifiable CPD for 2023? 21 units of FREE CPD on offer from ACCA

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

NEW! Download the ACCA Pass Guide

ACCA mock exams and debrief videos

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Donate

If you have benefited from OpenTuition please donate.

ACCA CBE 2023 Exams

Instant Poll * How was your exam, and what was the result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

PQ Magazine

Latest comments

  • John Moffat on Inventory Control (part 1) The EOQ Formula – ACCA Management Accounting (MA)
  • John Moffat on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • fruitella on Inventory Control (part 1) The EOQ Formula – ACCA Management Accounting (MA)
  • sanjarmakh on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • rossy981 on Statutory Interpretation Presumptions, Delegated Legislation – ACCA Corporate and Business Law (LW) (ENG)

Copyright © 2023 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in