For the XYZ Company, the ratio of sales to total assets in 1983 was 2.4 while operating
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For the XYZ Company, the ratio of sales to total assets in 1983 was 2.4 while operating profit on total assets was 6 per cent. Sales for 1983 totalled £ 120000.
Operating profit for 1983 was:
(a) £7200;
(b) £17280;
(c) £2500;
(d) £3000.
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Related Book For
Financial Accounting And Reporting An Introduction
ISBN: 978-0333346402
1985 Edition
Authors: R. Limmack
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