Ratios and Percentage and Decimal Places
CelticStar
Registered Posts: 142 Dedicated contributor 🦉
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.
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.
0
Comments

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
:)0 
My advice:
If the question doesn't specify
% ratios 2 decimal places e.g. Operating Profit Margin 12.87%
but nonratios 4 places e.g. Labour capacity 0.9091
Which is the same, as 0.9091 = 90.91%Sandy
sandy@sandyhood.com
www.sandyhood.com0 
Thanks again Sandy!0
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