Which of the Following Statements MOST Accurately Describes Asset Turnover

question 54

Multiple Choice

Which of the following statements MOST accurately describes asset turnover?

• A) How efficiently a division uses its average assets to generate sales
• B) How much operating income the division earns on every dollar of sales
• C) How much return a division generates on average assets
• D) How much extra income does a division generate above the minimum acceptable level