Multiple Choice
An asset turnover ratio of 1.75 can be interpreted as:
A) $1.75 in sales are generated by every $1 of assets.
B) $1.75 in additional assets are generated by every $1 of sales.
C) $1.75 in assets are used to generate $1 of sales.
D) $1 in sales are used to generate $1.75 in assets.
Correct Answer:
Verified
Correct Answer:
Verified
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