Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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What does the Total-Assets-Turnover Ratio measure?
Expert Solution
Step 1
The asset turnover ratio computes the value of the benefits or income of an organization comparative with the value of the assets. The asset turnover ratio might be utilized as a proportion of the effectiveness with which an organization utilizes its resources to produce income.
Step 2
The higher the asset turnover ratio, the more compelling a firm is in creating income from its assets. On the other hand, if a business has a helpless asset turnover ratio, it implies that it doesn't utilize its benefits successfully to create sales.
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