Unit 31 - Practice simulation - Precision Ltd

Has anyone done this sim ? Im having a bit of trouble and was wondering if anyone could help ?
It is asking me for asset turnover, but there is no mention of machines ? only labour hours.
What would you class turnover as ? Sales ? Net profit ?
It is asking me for asset turnover, but there is no mention of machines ? only labour hours.
What would you class turnover as ? Sales ? Net profit ?
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Is that what you are after?
Sorry I'm not much help in explaining what it shows, my brain has a complete freeze when it comes to this one.
It shows how much sale you make, compared to the assets that you have in use, but I can't think of a proper example to explain what would be a good result.
For a producing company with a lot of machines you would expect a lower result then from a retailer with hardly any fixed assets, but not sure if that would help at all, as I don't know the question.
The thing that was getting me was that there was no mention of any assets such as machines. I finally found out in the FranK Woods book that it was capital !!
Thanks for your help.
I cant wait to get this unit out of the way !