Which of the following represents the number of sales dollars generated by each dollar invested in assets?
A) Asset turnover
B) Assets invested
C) Profit margin
D) Operating income

Question

Quizplus · Accepted Answer

Asset turnover represents the number of sales dollars generated by each dollar invested in assets. A higher asset turnover indicates that the company is more efficient at generating sales from its assets.

Which of the Following Represents the Number of Sales Dollars