In Words, What Does a Total Asset Turnover of 1

question 385

Multiple Choice

In words, what does a total asset turnover of 1.5 times mean?

• A) For each $1 of sales generated the firm has total assets of $1.50.
• B) For each $1 of total assets, the firm generated $1.50 in sales.
• C) For each $1 of total assets, the firm generated $1.50 in net income.
• D) For each $1 of net income generated, the firm has total assets of $1.50.
• E) The firm completely replaces its fixed assets three times each year, on average.

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Definitions:

Successful Sales Call

A sales interaction that effectively meets or exceeds its objectives, such as establishing rapport, identifying needs, or making a sale.

Prospect Role

The part or responsibility that a potential customer plays in the sales process, often influenced by their needs, interests, and decision-making power.

Open-ended Questions

Questions formulated to elicit more detailed and thoughtful responses, encouraging the respondent to elaborate on their answers.

Presumptive Close

A sales technique where the salesperson assumes that the customer has already decided to buy and moves towards finalizing the sale.