Upwood Sickert Limited has total revenue in the year to 31 May 2012 of £686 430. Extracts from the company’s statement of financial position at that date show non-current assets as follows: What is...

Upwood Sickert Limited has total revenue in the year to 31 May 2012 of £686 430. Extracts from the company’s statement of financial position at that date show non-current assets as follows:

What is the non-current asset turnover ratio for the year to two decimal places?


a) 2.24


b) 0.34


c) 0.45


d) 2.98.





May 26, 2022
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