A-LevelAccountingAnalysis and communication of accounting information9706/12 · Feb/Mar 2017 · Q181 Mark

A company provided the following information. Revenue for the year $390000; year-end non-current assets at cost $260000; year-end accumulated depreciation $65000. What was the non-current asset turnover?

A0.5 times

B0.67 times

C1.5 times

D2 times

✓ Correct answer

D: 2 times

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Topic: Analysis and communication of accounting information, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Feb/Mar 2017 Paper 1 Variant 2, question 18.

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