The Asset Turnover Is a Measure (Ratio) of an Investment

question 127

Multiple Choice

The asset turnover is a measure (ratio) of an investment center's ability to:

• A) earn profits.
• B) generate sales.
• C) control costs.
• D) remain solvent.

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Definitions:

Dollar Markup

The difference between the selling price of an item and its cost, expressed in dollars.

Side Table

A small, usually low table designed to be placed beside a chair or sofa for convenience in reaching items or resting drinks.

Markup Percent

The percentage added to the cost price of goods to cover overhead and profit, expressed as a portion of the cost.

Meat Slicing Machine

A device used in the preparation of food to slice meat thinly and consistently.