164k views
5 votes
Profit on sale of fixed assets is used to creat

User Leandra
by
4.8k points

1 Answer

3 votes

Answer:

profit and loss account

Step-by-step explanation:

The turnover ratio of total working capital shows the success of working capital management. It is in fact a ratio that expresses how many times on average, during one year, working capital was used to pay the total expenses of the company.

A combination of data from the balance sheet and income statement is obtained, more specifically, it is the ratio of total business spread and average working capital of the company

User Matschie
by
5.1k points