Net Sales Divided by Average Total Assets Is The

question 180

Multiple Choice

Net sales divided by average total assets is the:

• A) Profit margin.
• B) Total asset turnover.
• C) Current ratio.
• D) Sales return ratio.
• E) Return on total assets.

---

Definitions:

Novation Clause

A legal provision that allows an original contract to be replaced with a new contract, wherein a new party takes on the obligations of one of the original parties.

Office Support Staff

Employees who perform a variety of administrative and clerical tasks to support the operations of an office.

Organizational Meeting

The initial meeting held by the incorporators or directors of a new corporation to complete the formation of the corporation and to establish its internal affairs.

Incorporation Process

The series of steps required to legally create a corporation, including the filing of articles of incorporation with the relevant state authority and compliance with regulatory requirements.