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 non-ratios 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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