9.7 Upwood Sickert Limited has total revenue in the year to 31 May 2012 of £686 430. Extracts from the company’s statement of financial position at that date show non-current assets as follows:

Cost Depreciation Carrying amount

£ £ £

Plant and machinery 200 000 30 000 170 000 Vehicles 106 640 46 655 59 985 What is the non-current asset turnover ratio for the year to two decimal places?

a) 2.24

b) 0.34

c) 0.45

d) 2.98.