Examlex
Which of the following is most accurate?
Asset Turnover Ratio
A profitability ratio that measures how effectively a business is using its assets to generate sales, computed as sales divided by average total assets.
Long-Term Investments
Assets that a company intends to hold for more than a year, such as stocks, bonds, or real estate.
Fixed Assets
Long-term tangible assets used in the operation of a business and not expected to be converted into cash within one year, such as buildings, machinery, and equipment.
Long-Term Liabilities
Liabilities that will not be due for a long time (usually more than one year).
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