Which of the Following Is Calculated by Dividing Net Sales

question 108

Multiple Choice

Which of the following is calculated by dividing net sales by average total assets?

• A)Net profit margin.
• B)Fixed asset turnover.
• C)Asset turnover ratio.
• D)Current ratio.

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Definitions:

Electronic Funds Transfer System

A digital system that allows the transfer of money between accounts without the physical exchange of cash.

Debiting Accounts

The financial process of recording or entering an amount owed as a debt in an account, increasing the balance of that account.

Without Checks

Operating or proceeding without restrictions or controls, potentially leading to errors or issues.

Restrictive Endorsement

A limitation placed on the use of a check that specifies the conditions under which it can be deposited or cashed.