Explain How to Calculate Total Asset Turnover

question 79

Essay

Explain how to calculate total asset turnover. Describe what it reveals about a company's financial condition, whether a higher or lower ratio is desirable, and how it is best applied for comparative purposes.

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Definitions:

PLC

Programmable Logic Controller, an industrial digital computer which has been ruggedized and adapted for the control of manufacturing processes.

Specific Input Or Output

A particular signal or data point received (input) by a system or produced (output) by a system, designated for a unique function or process.

Address

A specific location or identifier in memory or storage where data is held, allowing easy access and manipulation of the data.