Question
Asset turnover is measured by Sales revenue / Average total assets . State the effect the following event occurring on the reporting date would have
Asset turnover is measured by Sales revenue / Average total assets.
State the effect the following event occurring on the reporting date would have on this ratio.
EVENT: The provision of a service on 30-day credit
SELECT:
Decrease
Increase
No change
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Basel III, The Devil And Global Banking
Authors: D. Chorafas
2nd Edition
0230353770, 9780230353770
