Page 421 - F2 - MA Integrated Workbook STUDENT 2018-19
P. 421
Performance measurement techniques
Summary Statement of Profit or loss for the year
2003
£000
Revenue 3,000
Cost of sales 1,600
Operating profit 600
Calculate the following financial statistics for P Limited for 2003 (to 1 decimal
place):
(a) asset turnover
(b) receivables days
(c) payables days
(d) inventory days.
Illustrations and further practice
Now try TYU questions 1 and 2 from Chapter 16
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