Non-Current Asset Turnover

FR – Nov 2016 – L2 – Q4b – Financial Statement Analysis

Calculate and explain the non-current asset turnover ratio for Ashtown Ltd and compare it with Krofrom Ltd.

Question

Krofrom Ltd is also a listed company operating in the manufacturing sector in Ghana. The non-current asset turnover ratio of Krofrom Ltd for the year 2015 is 1.3.

Required:
Compute the non-current asset turnover ratio for Ashtown Ltd and explain TWO reasons why these ratios may not provide a good comparison of the efficiency of the entities.

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Tags: Efficiency Ratios, Financial Analysis, Non-Current Asset Turnover, Ratio Comparison
Level: Level 2

Topic: Financial Statement Analysis
Series: NOV 2016

Question Tag: Non-Current Asset Turnover

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FR – Nov 2016 – L2 – Q4b – Financial Statement Analysis

Calculate and explain the non-current asset turnover ratio for Ashtown Ltd and compare it with Krofrom Ltd.

FR – Nov 2016 – L2 – Q4b – Financial Statement Analysis

Calculate and explain the non-current asset turnover ratio for Ashtown Ltd and compare it with Krofrom Ltd.

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Question Tag: Non-Current Asset Turnover

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FR – Nov 2016 – L2 – Q4b – Financial Statement Analysis

Calculate and explain the non-current asset turnover ratio for Ashtown Ltd and compare it with Krofrom Ltd.

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FR – Nov 2016 – L2 – Q4b – Financial Statement Analysis

Calculate and explain the non-current asset turnover ratio for Ashtown Ltd and compare it with Krofrom Ltd.

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