A company has, among other things, the following items in its annual report: Net sales SEK 25,500,000 Other income SEK 100,000 Inventory 6,500,000 sec Cash and Bank 500,000 sec Receivables 2,000,000 sec Short-term investments SEK 500,000 Personnel costs SEK 11,500,000 Fixed assets SEK 3,300,000 Long-term liabilities SEK 5,800,000 Calculate the company's capital turnover rate. NOTE! Round to two decimal places! For example, the number 15.54678 would be 15.55 or 2.68512 would be 2.69.
A company has, among other things, the following items in its annual report: Net sales SEK 25,500,000 Other income SEK 100,000 Inventory 6,500,000 sec Cash and Bank 500,000 sec Receivables 2,000,000 sec Short-term investments SEK 500,000 Personnel costs SEK 11,500,000 Fixed assets SEK 3,300,000 Long-term liabilities SEK 5,800,000 Calculate the company's capital turnover rate. NOTE! Round to two decimal places! For example, the number 15.54678 would be 15.55 or 2.68512 would be 2.69.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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A company has, among other things, the following items in its annual report:
Net sales SEK 25,500,000
Other income SEK 100,000
Inventory 6,500,000 sec
Cash and Bank 500,000 sec
Receivables 2,000,000 sec
Short-term investments SEK 500,000
Personnel costs SEK 11,500,000
Fixed assets SEK 3,300,000
Long-term liabilities SEK 5,800,000
Calculate the company's capital turnover rate. NOTE! Round to two decimal places! For example, the number 15.54678 would be 15.55 or 2.68512 would be 2.69.
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