Ratios and Percentage and Decimal Places

CelticStar

Just wondered what everyone else rounds to for the following when there isn't a specified rounding requirement in the paper:

Ratios
Percentages
Ratios which include parts of days - eg stock turnover, creditor payment period, debtor payment period

Different papers seem to have different requirements so I wondered if there was any general rule.

Ampsie

I've noticed that too.

I think if it doesn't specify i am going to go for 2 decimal places when appropriate.
I would guess that if they haven't said what they want surely we can't be penalised for doing what we think!

Ampsie
:-)

SandyHood

My advice:
If the question doesn't specify
% ratios 2 decimal places e.g. Operating Profit Margin 12.87%
but non-ratios 4 places e.g. Labour capacity 0.9091

Which is the same, as 0.9091 = 90.91%

CelticStar

Thanks again Sandy!