Asset Turnover Is Calculated as Follows

question 208

Multiple Choice

Asset turnover is calculated as follows:

• A) net sales divided by average total assets.
• B) property, plant and equipment divided by total assets.
• C) long-lived assets divided by total sales.
• D) net sales divided by net long-lived assets.

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Definitions:

Common Ancestor

The most recent ancestral form or species from which two different species evolutionary diverged.

Animals

Multicellular, eukaryotic organisms of the kingdom Animalia, characterized by their ability to move, consume organic material, and sense their environment.

Ediacaran Radiation

A period marked by the rapid increase in multicellular life forms on Earth, occurring towards the end of the Ediacaran Period.

Cephalic End

The cephalic end refers to the head end of an organism or embryo, where sensory organs and the brain are often located, opposite the caudal or tail end.