During the years 31 December 2018, 2019, 2020 motor division worth RM50,000 and fixtures worth RM13,000 were purchased In 2018, the fixed asset turnover ratio is 7%, while in 2019, the fixed asset turnover ratio is 11% and in 2020 the fixed asset turnover is 3% Required Income statement analysis as from 31 December 2018-2019- 2020 Statement of Profit or Loss
During the years 31 December 2018, 2019, 2020 motor division worth RM50,000 and fixtures worth RM13,000 were purchased In 2018, the fixed asset turnover ratio is 7%, while in 2019, the fixed asset turnover ratio is 11% and in 2020 the fixed asset turnover is 3% Required Income statement analysis as from 31 December 2018-2019- 2020 Statement of Profit or Loss
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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During the years 31 December 2018, 2019, 2020 motor division worth RM50,000 and fixtures worth RM13,000 were purchased
In 2018, the fixed asset turnover ratio is 7%, while in 2019, the fixed asset turnover ratio is 11% and in 2020 the fixed asset turnover is 3%
Required
Income statement analysis as from 31 December 2018-2019- 2020
Statement of Profit or Loss
Transcribed Image Text:Asset
Motor vehicles
Fixtures
Cost (RM)
260,000
74,000
Accumulated Depreciation (RM)
70,000
37,200
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