Which one of the following measures the efficiency with which a firm uses it resources to generate sales?
A) Price-earnings ratio
B) Return on equity
C) Total asset turnover
D) Current ratio
E) Return on assets

Question

Quizplus · Accepted Answer

Total asset turnover measures the efficiency with which a firm uses its resources to generate sales. It is calculated by dividing sales by total assets.

Which One of the Following Measures the Efficiency with Which