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:

AgBr

Silver bromide, a chemical compound used in photographic films and papers.

Lead(II) Nitrate

A white to colorless crystalline chemical compound used in making other lead compounds and some pyrotechnics.

Sodium Chloride

A white crystalline compound known as table salt, widely used in food seasoning and preservation; its chemical formula is NaCl.

Lead(II) Chloride

A chemical compound with the formula PbCl2, known for its white crystalline appearance and poor solubility in water.