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Total assets 5000000 - current assets 2000000 - revenue 1500000 - COGS 600000 - other expenses 400000 - company has not taxes liability

fixed assets turn over equal 

A-20%

B-15%

C-16.2%

D-30%

Accounting Cost Accounting Financial Accounting CMA Costing
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Question added by Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date Posted: 2015/05/09
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mohamed Hakim CMA CPA Candidate
by mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia

Fixed\\ Asset\\ Turnover = \\frac{Net\\ sales}{Average\\ net\\ fixed\\ assets} 

 

answer =   1,500,000  /   3,000,000  (5,000,000-2,000,000)  =  .50  =50%

Muhammad Ramzan Tufail ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

Correct Ans is50 %.

 

Am i right....?

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Fixed assets turnover equal net income ÷ fixed assets so correct answer is (C)

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