A-LevelAccountingAnalysis and communication of accounting information9706/12 · May/June 2019 · Q201 Mark
On 1 January 2018 a business expected to have sales for the year ended 31 December 2018 of $450 000. Its non-current assets at that date were $306000. On 1 July 2018 it purchased new machinery at a cost of $180000, in order to increase its sales by an extra $20000 each month. What was the rate of non-current asset turnover in 2018? (Ignore depreciation.)
A1.17 times
B1.42 times
C1.44 times
D1.74 times
✓ Correct answer
A: 1.17 times
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