Business > QUESTIONS & ANSWERS > A Level Business - Unit 3 - Decision and Strategy Latest Update 2022-2023 (All)
A Level Business - Unit 3 - Decision and Strategy Latest Update 2022-2023
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A Level Business - Unit 3 - Decision and Strategy Latest Update 2022-2023 Acid Test Ratio - ANS-Ability of firm to meet daily expenses. (Current Assets - Inventory) / Current Liabilities Operatin... g Profit Margin - ANS-Operating profit / sales revenue x 100 ROCE (return on capital employed) - ANS-Overall performance as a % of the LT capital invested. Operating profit / capital employed x 100 Stock Turnover - ANS-Ratio of cost of sales to inventories. Calculated: Cost of sales / inventories Receivables (debtors) days - ANS-Avg. days it takes to receive payment from customers (Receivables x 365 days) / revenue Payables (creditors) days - ANS-Avg. amount of days it takes to pay suppliers for goods purchased on credit. (Payables x 365 days) / credit purchases Gearing ratio- CONTINUES... [Show More]
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