Multiple Choice
Kermit calculated his total asset turnover to be 1.13.This tells Kermit that:
A) every dollar of assets generates $1.13 in sales.
B) every dollar of sales costs Kermit $1.13 to generate.
C) every year he turns his inventory 1.13 times.
D) every dollar of assets generates $1.13 in profits.
Correct Answer:
Verified
Correct Answer:
Verified
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