Asset turnover ________________.
A)is calculated from information found on a firm's income statement
B)is calculated by dividing total assets by net sales
C)reveals how profitable a company is
D)assesses the productivity of the retailer's assets
E)is another term for inventory turnover

Question

Quizplus · Accepted Answer

Asset turnover is net sales divided by total assets.The ratio indicates how many dollars are generated for each dollar of assets.

Asset Turnover ________________