Multiple Choice
Which of the following statements is inaccurate with respect to the total asset turnover ratio?
A) It is calculated as sales revenues divided by total assets at year-end.
B) It is decreased when additional plant and equipment is purchased.
C) A high ratio implies efficient management of assets.
D) It is decreased when additional inventory is purchaseD.Total Asset Turnover = Sales (or Operating) Revenues/Average Total Assets.
Correct Answer:
Verified
Correct Answer:
Verified
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