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When calculating turnover of property plant & equipment and receivables, which item from the income statement do we use? Operating expenses, Sales, Gross profit, Net income

Respuesta :

MrRoyal

The term used from the income statement to calculate turnover is (b) Sales

How to determine the term?

The turnover of property plant & equipment and receivables is calculated using

Turnover = Sales ÷ Average Inventory

The dividend in the above equation is Sales

Hence, the term used from the income statement is (b) Sales

Read more about turnover at:

https://brainly.com/question/25623677

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