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Question
From the following information of Geetha Ltd., Calculate fixed assets turnover ratio
(i) Revenue from operations during the year was ₹ 55,00,000.
(ii) Fixed assets at the end of the year ₹ 5,00,000
Sum
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Solution
Fixed assets turnover ratio- `"Revenue from operations"/"Average trade assets"`
`5,00,000 = (55,00,000)/"Average trade assets"`
Average trade payable = `5500000/500000` = 11 times
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