Turnover ratios are useful for managers in identifying inefficient use of current and long-term assets.

Name: Turnover ratios are useful for managers in identifying inefficient use of current and long-term assets.
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Quizplus · Accepted Answer

Turnover ratios, such as inventory turnover and fixed asset turnover, can help managers identify areas where assets are not being used efficiently or effectively. By analyzing these ratios, managers can make informed decisions about how to allocate resources and improve overall performance.

Turnover Ratios Are Useful for Managers in Identifying Inefficient Use