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:

Second Job

An additional employment undertaken by an individual besides their primary job to earn extra income or explore a different field.

Net Seller

An entity or individual that sells more of a security, commodity, or product than is purchased over a specific time period.

Inferior Good

A category of products whose demand diminishes when consumer income rises, in opposition to normal goods.

Wage Rate

The fixed amount of compensation or payment provided to an employee by an employer in return for work performed, typically expressed per hour or year.