A-LevelAccountingAnalysis and communication of accounting information9706/12 · May/June 2021 · Q191 Mark
In 2019 a company's non-current asset turnover ratio was ()/()20200}{\5100 = 3.96 times. During 2020 the following took place. 1 Net revenue was unchanged. 2 Discount allowed increased by $400. 3 Depreciation was $1000. 4 Purchases of non-current assets amounted to $1300. What was the non-current asset turnover ratio in 2020?
A3.09 times
B3.16 times
C3.67 times
D3.74 times
✓ Correct answer
D: 3.74 times
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