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

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

Quizplus · Accepted Answer

Net sales divided by average total assets is the formula for total asset turnover, which measures a company's efficiency in generating sales from its assets.

Net Sales Divided by Average Total Assets Is The