Which of the Following Is the Correct Formula for the Asset

question 80

Multiple Choice

Which of the following is the correct formula for the 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:

Proactive Interference

A phenomenon where old memories inhibit the capacity to remember new information.

Serial Position Effect

A psychological phenomenon where an individual is more likely to remember the first and last items in a series.

Episodic Memory

A category of long-term memory that involves the recollection of specific events, situations, and experiences.

Semantic Memory

A category of persistent memory that involves the ability to memorize words, ideas, or numbers, indispensable for the mastery and implementation of language.