Net Sales Divided by Average Total Assets Is Equal to The

question 138

Multiple Choice

Net sales divided by average total assets is equal to the:

• A)Profit margin.
• B)Total asset turnover.
• C)Current ratio.
• D)Sales return ratio.
• E)Return on total assets.

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Definitions:

White Settlers

Individuals of European descent who established communities in territories outside of Europe, often leading to the displacement of indigenous populations.

Middle Passage

The sea voyage that transported enslaved Africans across the Atlantic Ocean to the Americas as part of the triangular slave trade, noted for its brutal conditions.

Enslaved Africans

Individuals from Africa who were forcibly taken from their homeland, sold into bondage, and subjected to slavery, primarily in the Americas and the Caribbean.

Caribbean

A geographic region consisting of the Caribbean Sea, its islands, and the surrounding coasts, known for its distinct cultural, historical, and political identities.