_______________ equals a company's net sales divided by its total assets.
A) Asset turnover
B) Current Ratio
C) Gross margin
D) Net sales margin
E) Return on assets

Question

Quizplus · Accepted Answer

Asset turnover is defined as a company's net sales divided by its total assets, and represents the efficiency with which a company utilizes its assets to generate revenue. It is a measure of the company's ability to generate revenue from its assets, and a higher asset turnover ratio indicates better efficiency in asset management.

_______________ Equals a Company's Net Sales Divided by Its Total