From the following information of Ashika Ltd., calculate fixed assets – InterviewSolution

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1.

From the following information of Ashika Ltd., calculate fixed assets turnover ratio: 1. Revenue from operations during the year were Rs. 60,00,000. 2. Fixed assets at the end of the year was Rs. 6,00,000.

Answer»

Fixed from turnover ratio = (Revenue from operations)/(Average fixed assets)

= 55,00,000/5,00,000

= 11 times

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