Asked by Salvatore Belziti on Jul 02, 2024
Verified
The long-term asset turnover ratio captures information about property,plant,and equipment utilization.
Long-term Asset Turnover
A financial ratio that measures how efficiently a company uses its long-term assets to generate sales revenue.
Property, Plant, and Equipment
Long-term tangible assets used in the operating activities of a business, such as buildings, machinery, and equipment.
- Comprehend the meanings and computations involved in crucial financial indicators, including return on assets and asset turnover.
Verified Answer
LM
Letitia Milliner6 days ago
Final Answer :
True
Explanation :
The long-term asset turnover ratio is a measure of how efficiently a company uses its long-term assets, including property, plant, and equipment, to generate revenue. Therefore, the statement is true.
Learning Objectives
- Comprehend the meanings and computations involved in crucial financial indicators, including return on assets and asset turnover.