current assets turnover is equal to cost of sales divided by the current assets.
Formula is;
Current assets turnover = cost of sales ÷ current assets
vindori answered the question on April 13, 2018 at 15:30
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April 6, 2018
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Item Sh. 000
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Retained earnings 177
Total liabilities 15 600
Working capital 1 777
Earnings before interest and tax 2 605
Market value of equity 10 098
Book value of long-term debt 5 044
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February 8, 2018
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Shs
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Salaries and wages 6 800 000
Taxation for the year 2 040 000
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Finance charge and leases 680 000
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February 8, 2018
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October 3, 2017
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September 30, 2017
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Date posted:
September 17, 2017
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