The asset turnover ratio is equal to:

Question 10 options:

On 1 January 2019, a company which prepares financial statements to 31 December each year buys an item of equipment for RM20,000. Useful life is estimated to be six years and residual value is expected to be approximately RM1,500. The company uses the diminishing balance method of depreciation at a rate of 35% per annum. To the nearest ringgit, the depreciation of this item for the year to 31 December 2020 would be:

Question 19 options:

	RM4,209.
	RM3,083.
	RM7,000.
	RM4,550.