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Which of the following statements is TRUE?
Property, Plant, and Equipment
Long-term assets vital to business operations and not easily converted into cash, encompassing real estate, factories, machinery, and more.
Buildings
Assets classified in accounting as long-term or fixed assets, representing structures owned by a company for business use.
Return On Assets
A profitability ratio that measures how efficiently a company uses its assets to generate profit, calculated as net income divided by total assets.
Asset Turnover
A ratio that measures the efficiency of a company's use of its assets in generating sales revenue.
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