Asset Turnover Is Computed by Dividing Average Total Assets by Cost

question 122

True/False

Asset turnover is computed by dividing average total assets by cost of sales.

---

Definitions:

Prizes

Awards or rewards given for a specific achievement or competition.

Patronage Model

A crowdfunding model where backers do not expect any direct return for their donation or investment.

Crowdfunders

Individuals or groups who fund projects or ventures through small contributions from a large number of people, typically via the internet.

Financial Support

Monetary assistance provided to individuals, organizations, or countries, often aimed at promoting economic development or providing relief during hardships.