GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Identify the formula that is used to calculate the capital turnover ratio
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Credit sales/net worth
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Net sales/Capital employed
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Credit sales/ Capital employed
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Net sales/ Average accounts payable
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Explanation:
Detailed explanation-1: -The company’s total sale is the total turnover of the company in an accounting year or of a period for which the ratio is calculated.
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