Question: just another one more of a clarificationandnbspwhen it is asking...
Just another one. More of a clarification
When it is asking for average total assets for example for the asset turnover for the 2017/2018 period.
Would I get the two total asset figures from the 2017 balance sheet and the 2018 balance sheet and divide that by 2 and then use that for the
Sales Revenue / Average Total Assets
I have a get like that as I have to do Days inventory days debtors and days creditors.
I was also wondering how you work out the cash cycle result as I need to work this out aswell but i cannot find any direct fomulas.