Asked by vaughn peens on May 01, 2024
Verified
The asset turnover is calculated as total sales divided by ending total assets.
Asset Turnover
A metric that evaluates how effectively a company utilizes its assets to produce sales income.
- Grasp the concept of asset turnover and its calculation.
Verified Answer
ZK
Zybrea KnightMay 03, 2024
Final Answer :
False
Explanation :
Asset turnover is calculated as total sales divided by average total assets, not ending total assets.
Learning Objectives
- Grasp the concept of asset turnover and its calculation.