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If you happen to be a student studying the subject of Analysis of Financial Statements, then you are quite familiar with the topic of Turnover Ratio. If you happen to have this topic in your syllabus, then it is pretty much expected that you are struggling with it as t happens to be one of the toughest ratios to understand and apply correctly. Thus ensure that this dilemma is not faced by students anymore, we at myhomeworkhelp.com have decided to help them out properly. Thus we have made a team, Turnover Ratio Assignment Help team, whose members will help a student to finish their assignment or homework on this particular subject.
Brief information about Turnover Ratio
Turnover Ratio or Efficiency Ratios can be explained as a measure of the number of replacement time the inventory of a firm has taken place during a given time period. The formula for calculating this ratio is the cost of sold goods by the average inventory which is there during a given period of time. With the help of this topic a student will learn that the higher the value of the ratio signifies a quick production and sell of goods by the firm in concern.
The types of Turnover Ratio are as follows:
- Capital employed turnover ratio
- Inventory turnover ratio
- Fixed assets turnover ratio
- Debtors turnover ratio
- Total assets turnover ratio
- Average collection period.
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