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Nana76 [90]
2 years ago
5

When calculating turnover of property plant & equipment and receivables, which item from the income statement do we use? Ope

rating expenses, Sales, Gross profit, Net income
Business
1 answer:
saw5 [17]2 years ago
4 0

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

<h3>How to determine the term?</h3>

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:

brainly.com/question/25623677

#SPJ1

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ark each of the items in the following list with letters to indicate whether it would be listed as an Asset, Liability or Equity
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