Which of the Following Is the Correct Formula for Asset

question 102

Multiple Choice

Which of the following is the correct formula for asset turnover ratio?

• A)Net sales ÷ Average total assets
• B)Net sales ÷ Cost of goods sold
• C)Net Sales ÷ Net assets
• D)Net profit ÷ Net sales

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Definitions:

Goal Setting

The process of defining specific, measurable, achievable, relevant, and time-bound objectives to guide actions and measure progress.

Long-Term Employment

A work arrangement where an individual remains employed by the same company for an extended period.

Uncertainty Avoidance

A cultural dimension that describes the extent to which a society tolerates ambiguity and uncertainty; societies high in uncertainty avoidance prefer clear rules and structure.

Gender Role Orientation

The societal norms and expectations that dictate appropriate behavior and attitudes for individuals according to their gender.