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QUESTION 1 Turnover ratios are generally calculated for each of the following assets except: Accounts Recievable...

QUESTION 1

  1. Turnover ratios are generally calculated for each of the following assets except:

    Accounts Recievable

    Inventory

    Cash

    Plant and Equipment

QUESTION 2

  1. Corporate annual reports do not usually include

    internal auditors report and opinion about the financial statements

    financial statements from the prior year

    historical summary of selected financial data for the past 5 years or more

    financial statements for the most recent year
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Answer #1

Answer 1. Option 3rd: Turnover ratios are generally calculated for for each of the following assets except Cash. Generally for liquidity, accounts receivables and inventory turnover ratios are calculated and for return on investment, fixed assets turnover ratio is calculated which includes Plant and equipment.

Answer 2. Option 1st: Corporate annual reports does no usually include internal auditors report and opinion about the financial statements. It includes all other option listed in the option i.e. financial statements from the prior year for comparision, historical summary of selected financial data for past 5 years for showcasing growth and financial statements for the most recent year i.e. latest financials

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