A business has a non- current asset turnover of two times, based on non-current assets valued at 250000 at the end of 2018. The company uses the reducing balance method to depreciate it's non- current assets at 25% per annum. In 2019, sales revenue increased by 20%. There were no purchases or disposal of non-current assets during the year. What is the non-current asset turnover of 2019

A business has a non- current asset turnover of two times, based on non-current assets valued at 250000 at the end of 2018. The company uses the reducing balance method to depreciate it's non- current assets at 25% per annum. In 2019, sales revenue increased by 20%. There were no purchases or disposal of non-current assets during the year. What is the non-current asset turnover of 2019

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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