In 2019 a company’s non-current asset turnover ratio was $\frac{{\$ 20200}}{{\$ 5100}} = 3.96$ times.
During 2020 the following took place.
1 Net revenue was unchanged.
2 Discount allowed increased by $\$ 400$.
3 Depreciation was $\$ 1000$.
4 Purchases of non-current assets amounted to $\$ 1300$.
What was the non-current asset turnover ratio in 2020?
1 )
3.09 times
2 )
3.16 times
3 )
3.67 times
3.74 times
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