Rafael Limited has property, plant and equipment of £8.0m, non-current asset investments of £1.5m, and intangible assets of £2.5m at 31 October 2019. In the year ended 31 October 2019, Rafael Limited generated revenue of £34.0m. What is Rafael Limited's non-current asset turnover?

Question

Quizplus · Accepted Answer

Non-current asset turnover = Revenue / Non-current assets= £34.0m / (£8.0m + £1.5m + £2.5m)= £34.0m / £12.0m= £2.83

Rafael Limited Has Property, Plant and Equipment of £8