Fixed Assets (At cost) ₹ 21,00,000, Accumulated Depreciation till date ₹ 3,00,000 Credit Sales ₹ 51,00,000, Cash Sales ₹ 4 ,50,000, Sales Return ₹ 1,5

Monjur Alahi

Fixed Assets (At cost) ₹ 21,00,000, Accumulated Depreciation till date ₹ 3,00,000 Credit Sales ₹ 51,00,000, Cash Sales ₹ 4 ,50,000, Sales Return ₹ 1,50,000. Calculate Fixed Assets Turnover Ratio


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Salim Ahmed Kawsar

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Fixed Assets Turnover Ratio`=(" Revenue from Operations")/("Net Fixed Assets")=( "₹ 54,00,000 ")/("18,00,000")`=3 times
Revenue from Operations (Net Sales) Credit Sales +Cash Sales-Sales Return
= ₹ 51,00,000+₹ 4,50,000-₹ 1,50,000= ₹ 54,00,000.
Net Fixed Assets=Fixed Assets (At cost)-Accumulated Depreciation= ₹ 21,00,000- ₹ 3,00,000= ₹ 18,00,000.

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