Asset Turnover Is Total Assets Divided by Net Sales

question 44

True/False

Asset turnover is total assets divided by net sales.

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Definitions:

Predefined Method

Functions or procedures provided by a programming language or library that can be used directly without the need for the user to define them.

Parameter Type

Refers to the datatype of a parameter accepted by a function or method in programming.

Import Statement

A directive used in many programming languages that brings in code from external modules, libraries, or namespaces into the current program.

Java.lang Package

The package in Java that provides classes that are fundamental to the design of the Java programming language.