Multiple Choice
Which of the following is true of asset turnover ratio?
A) It measures how efficiently a business uses its sales to finance the assets.
B) It measures how efficiently a business uses its average total assets to generate sales.
C) It measures how efficiently a business uses its net profit to finance the assets.
D) It measures how the ending inventory helps in increasing the value of assets.
Correct Answer:
Verified
Correct Answer:
Verified
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