The Ratio Measuring the Number of Dollars of Sales Earned

question 169

Multiple Choice

The ratio measuring the number of dollars of sales earned per dollar of fixed assets is the

• A) fixed asset turnover ratio
• B) days' in assets ratio
• C) current asset turnover ratio
• D) intangible asset ratio

---

Definitions:

Income Elasticity

Measures how the demand for a good or service changes relative to a change in consumers' income levels.

Bagels

A dense bread product, often shaped into a ring, made from dough that is boiled before it is baked.

Demand Function

A mathematical model expressing the quantity demanded of a good or service as a function of its price, and possibly other factors.

Demand Function

A mathematical relationship expressing the quantity of a good or service demanded as a function of price.