Management Accounting - Turnover ratio

Formula for Fixed assets turnover ratio?

• (a)Cost of sales/Fixed assets

• (b)Sales/Fixed assets

• (c)Credit sales/Average receivable

• (d)Both a and b

What is the formula for Cost of sales

• Sales-Gross profit

• Sales-Sales return

• Sales-Net sales

• None of these

If cost of sales ₹.15,440 and Average Stock ₹.4,500, calculate Stock Turnover ratio?

• 3.02 times

• 3.43 times

• 1.48 times

• 1.6 times

If Sales for the year were ₹.14,00,000 and the Gross profit ratio is 20%, calculate Gross profit?

• 11,20,000

• 2,40,000

• 2,60,000

• 2,80,000

The cost of sales ₹.15440 and Fixed assets ₹.5000, calculate Fixed assets turnover ratio?

• 3.01 times

• 3.57 times

• 3.88 times

• 3.08 times