Upwood Sickert Limited has total sales in the year to 31 May 20X6 of 686 430. Extracts

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Upwood Sickert Limited has total sales in the year to 31 May 20X6 of £686 430.

Extracts from the company’s balance sheet at that date show fixed assets as follows:

Net book Cost Depreciation value

£ £ £

Plant and machinery 200 000 30 000 170 000 Vehicles 106 640 46 655 59 985 Calculate the fixed asset turnover ratio for the year (to two decimal places). Is it:

a 2248

b) 0.34 see PiB eS s

d) = 92:98?

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Financial Accounting For Non Specialists

ISBN: 9781844802050

2nd Edition

Authors: Catherine Gowthorpe

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Question Posted: Jul 08, 2024 10:02 AM

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Upwood Sickert Limited has total sales in the year to 31 May 20X6 of 686 430. Extracts

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Financial Accounting For Non Specialists

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