What Is the Formula for Asset Turnover

question 7

Multiple Choice

What is the formula for asset turnover?

• A)total sales divided by total assets
• B)net profit divided by total assets
• C)return on assets divided by total assets
• D)return on investment divided by return on net worth

---

Definitions:

Variance

A measure of the spread between numbers in a dataset, indicating how much the individual data points differ from the mean of the data.

Confidence Interval

A segment of values, derived from analyzing a sample, that is likely to encapsulate the value of an undisclosed population attribute.

Sample Mean

The average of a subset of a population.

Margin of Error

A measure that indicates the range of values within which the true population parameter is expected to fall.