Overview
Explain turnover; State the importance of turnover; Calculate the rate of turnover;calculate thepercentage of gross profit to turnover; Explain the variations in turnover in different types of business.
What you'll learn
- Meaning.
- Relationship of capital investment to turnover.
- Calculation of rate of turnover.
- Calculation of gross profit/net profit to turnover.
- Variations in different types of business.