Answer to Question #288619 in Economics for Tydolz

Question #288619

With a fixed capital of 58 million and a cost of 3 million on delivered major equipments in 2020. iT solves also recorded a gross annual sales of 33 million for the same period.what is the turn over ratio

Expert's answer

Turnover ratio is: "TO = (33 - 3)\/58 = 0.517."

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