Total Income of the Zee Ltd 8,00,000, other income is 45000 and total of the assets is 15,00,000, current liability is 250,000, calculate asset turnover ratio.
Question
Solution 1
The asset turnover ratio is a measure of a company's ability to generate sales from its assets. It is calculated as follows:
Asset Turnover Ratio = Total Sales / Total Assets
In the case of Zee Ltd, the total sales is the sum of the total income and other income. So,
Total Sales = Total Income + Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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