Which of the Following Is the Correct Formula for the Asset

question 28

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:

Democratic Leadership

A leadership style where decision-making is shared among the group, encouraging participation and empowerment of followers.

Economic Elites

Individuals or groups with vast financial resources and significant influence over economic policies and practices.

President's Cabinet

A group of the most senior appointed officers of the executive branch of the federal government, usually consisting of the heads of the federal executive departments, who advise the President.