A company has, among other things, the following items in its annual report: Net sales SEK 25,500,000 Other income SEK 100,000 Inventory 6,500,000 sec Cash and Bank 500,000 sec Receivables 2,000,000 sec Short-term investments SEK 500,000 Personnel costs SEK 11,500,000 Fixed assets SEK 3,300,000 Long-term liabilities SEK 5,800,000 Calculate the company's capital turnover rate. NOTE! Round to two decimal places! For example, the number 15.54678 would be 15.55 or 2.68512 would be 2.69.
A company has, among other things, the following items in its annual report: Net sales SEK 25,500,000 Other income SEK 100,000 Inventory 6,500,000 sec Cash and Bank 500,000 sec Receivables 2,000,000 sec Short-term investments SEK 500,000 Personnel costs SEK 11,500,000 Fixed assets SEK 3,300,000 Long-term liabilities SEK 5,800,000 Calculate the company's capital turnover rate. NOTE! Round to two decimal places! For example, the number 15.54678 would be 15.55 or 2.68512 would be 2.69.
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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A company has, among other things, the following items in its annual report:
Net sales SEK 25,500,000
Other income SEK 100,000
Inventory 6,500,000 sec
Cash and Bank 500,000 sec
Receivables 2,000,000 sec
Short-term investments SEK 500,000
Personnel costs SEK 11,500,000
Fixed assets SEK 3,300,000
Long-term liabilities SEK 5,800,000
Calculate the company's capital turnover rate. NOTE! Round to two decimal places! For example, the number 15.54678 would be 15.55 or 2.68512 would be 2.69.
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