A Fixed Asset Turnover Ratio of 1

question 18

Multiple Choice

A fixed asset turnover ratio of 1.65 for a company indicates that:

• A)a company is generating $1.65 of sales per average dollar of fixed asset.
• B)a company is generating $1.65 of net income per average dollar of fixed asset.
• C)a company has $1.65 of long term debt for every dollar of fixed asset.
• D)a company has $1.65 of current assets for every dollar of fixed asset.

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Definitions:

Sales Call Objective

The specific goal or purpose a salesperson aims to achieve during a sales call, such as introducing a new product, gathering customer feedback, or closing a sale.

Prospect

A prospective client or customer who shows interest in a company's offerings.

Sales Profile

A detailed description of the characteristics, skills, and behaviors of successful salespeople in a particular industry or company.

Sales Call

A communication or visit made by a sales representative to a potential or existing customer with the aim of selling products or services.