Asked by
Yessika Rodriguez
on Nov 08, 2024Verified
The total asset turnover ratio is measured as:
A) Sales minus total assets.
B) Sales divided total assets.
C) Sales times total assets.
D) Total assets divided by sales.
E) Total assets plus sales.
Total Asset Turnover
A financial ratio that measures how efficiently a company uses its total assets to generate sales revenue.
Total Assets
The sum of all assets owned by an entity, including both current and non-current assets, reflecting the total resources at its disposal.
- Identify the components and calculations of asset turnover ratios.
Verified Answer
JS
Learning Objectives
- Identify the components and calculations of asset turnover ratios.