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CA Inter doubt

In ration analysis, fixed asset turnover is calculate by taking sales but sometimes in answers cost of sales is taken , if we calculate fixed asset turnover ratio on sale instead of cos will it be inc

Asked by Harpreet4 Sept 2024323 views

1 answer

  1. MBA_4636 · 5 Sept 2024

    When gross profit is given in question or you are required to calculate it, then COGS must be used. If gross profit is not relevant for the question, then SALES must be used.

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