A higher asset turnover ratio number is better than a lower turnover number.

Name: A higher asset turnover ratio number is better than a lower turnover number.
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Question

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A higher asset turnover ratio indicates that a company is generating more revenue for each dollar of assets it has, which is desirable for efficiency and profitability. A lower turnover ratio suggests that a company is not utilizing its assets effectively to generate revenue.

A Higher Asset Turnover Ratio Number Is Better Than a Lower