Unformatted text preview: physical measure. Value added= depreciation + operation profit + labour cost Value added= Sales – Purchases (labour cost, advertising, etc) See ppt presentation about ratios VA to Sales ratio: VA= 1000 Sales= 10 10:1 ratio therefore sales represent 10 per cent of VA...
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This note was uploaded on 03/28/2011 for the course MN 101 taught by Professor John during the Spring '11 term at Royal Holloway.
- Spring '11