Match each of the following terms with the appropriate formulas.
-$\frac{\text { Net sales }}{\text { Average total assets }}$
A)Days' sales in inventory
B)Dividend yield
C)Total asset turnover
D)Inventory turnover
E)Return on common stockholders' equity
F)Gross margin ratio
G)Days' sales uncollected
H)Profit margin ratio
I)Times interest earned
J)Debt ratio

Question

Quizplus · Accepted Answer

The formula $\frac{\text { Net sales }}{\text { Average total assets }}$ is used to calculate the Total Asset Turnover, which measures how efficiently a company uses its assets to generate sales.

Match Each of the Following Terms with the Appropriate Formulas Net sales Average total assets \frac{\text { Net sales }}{\text { Average total assets }} Average total assets Net sales ​

Match Each of the Following Terms with the Appropriate Formulas $\frac{\text { Net sales }}{\text { Average total assets }}$