Which of the Following Statements Is Inaccurate with Respect to the Total

question 1

Multiple Choice

Which of the following statements is inaccurate with respect to the total asset turnover ratio?

• A) It is calculated as sales revenues divided by total assets at year-end.
• B) It is decreased when additional plant and equipment is purchased.
• C)A high ratio implies efficient management of assets.
• D)It is decreased when additional inventory is purchaseD.Total Asset Turnover = Sales (or Operating) Revenues/Average Total Assets.

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