[jasonch91]

Hello,

I was watching the BEC Sparring lecture on “Performance Measures” and Mike (the host) mentions (26:20 mark) that the turnover ratios have been updated sucH that the calculation now uses ending balance instead of the average balance (e.i. Receivable turnover = net credit sales/ENDING receivables) I am confused now because the ninja study materials and mc questions applies calculation using average balance. Is this change effective this year on the actual exams?

Thanks,

Jason

[CPAHOPE]

Seriously? Why would they make this change? Since B/S accounts are permanent and accumulate, it makes more logical sense to use the avg instead of ending balance.

AUD - 78
BEC - 76
FAR - 80
REG - 77

FAR 57,61,57,56,68, 80

REG 53,49,69,66, 79*,77

AUD 39,66,72,73,66,70,78!!Final

BEC 64,60,50,70,67,71,76

"Theres no limit unless you allow it"

*expired

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