A Company Had Average Total Assets of $600,000 and an Asset

question 94

Multiple Choice

A company had average total assets of $600,000 and an asset turnover ratio of 4. Which of the following is not true?

• A)Sales revenue was $2,400,000.
• B)The asset turnover ratio indicates $4 of sales were generated for every $1 invested in assets.
• C)The asset turnover ratio is an indication of the efficiency in the use of assets to generate revenues.
• D)The asset turnover ratio indicates the success of efforts to control expenses.

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Definitions:

Write-Ins

A method allowing voters to write in the name of a candidate not listed on the ballot during an election.

Employee Referrals

A recruiting strategy where current employees recommend prospective candidates for positions within the organization.

Social Media

Digital platforms and technologies that enable users to create, share, or exchange information, ideas, pictures, and videos in virtual communities and networks.

Walk-Ins

Individuals who arrive at a place of business, such as a retail store or job hiring event, without a prior appointment, often for inquiries or immediate services.