A total asset turnover measure of 1.03 means that a firm has $1.03 in:
A) Total assets for every $1 in cash.
B) Total assets for every $1 in total debt.
C) Total assets for every $1 in equity.
D) Sales for every $1 in total assets.
E) Long-term assets for every $1 in short-term assets.
Correct Answer:
Verified
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