Which of the following statements does not describe asset turnover?
A) It is the retailer's net sales divided by its assets.
B) It assesses the productivity of a firm's investments in its assets.
C) It indicates how many sales dollars are generated by each dollar of asset.
D) It suggests the profit management path.
E) It helps determine the retailer's ROA.

Question

Quizplus · Accepted Answer

Asset turnover assesses the productivity of a retailer's investment in its assets and indicates how many dollars are generated for each dollar of assets.

Which of the Following Statements Does Not Describe Asset Turnover