Net sales divided by average total assets is the:
A) Sales return ratio.
B) Total asset turnover.
C) Profit margin.
D) Return on total assets.
E) Current ratio.

Name: Net sales divided by average total assets is the: A) Sales return ratio. B) Total asset turnover. C) Profit margin. D) Return on total assets. E) Current ratio.
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Question

Quizplus · Accepted Answer

Net sales divided by average total assets is the total asset turnover ratio, which measures how efficiently a company is using its assets to generate revenue.

Net Sales Divided by Average Total Assets Is The