Net Sales Divided by Average Total Assets Is the Calculation

question 91

Multiple Choice

Net sales divided by average total assets is the calculation for which of the following ratios?

• A)Net profit margin
• B)Asset turnover
• C)Current ratio
• D)Return on assets

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Definitions:

Bleed Nut

A component used in hydraulic and air systems to release air or fluid, ensuring the system functions efficiently without airlocks or pressure issues.

Displaced Fluid

Fluid that has been moved or forced out of its original position, especially in the context of mechanical systems or during processes like displacement pumping.

Air-over-hydraulic Brake System

A brake system that uses air pressure to actuate hydraulic brakes, combining elements of both air and hydraulic braking systems.

Pressure Bleeder

A device used in hydraulic systems to remove air bubbles by applying pressure to the fluid, ensuring proper operation and performance.