Asked by Rileigh Campbell on May 18, 2024
Verified
What is Marino's total asset turnover?
A) 12.0
B) 8.33
C) 0.42
D) 2.4
Total Asset Turnover
A financial ratio that measures a company's ability to generate sales from its assets by comparing net sales with total assets.
Net Sales
The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods, and discounts.
Average Total Assets
The average value of all assets owned by a company over a specific time period, typically calculated to assess the company's asset management efficiency.
- Acquire knowledge on the workings of asset turnover and the methodology for its calculation.
Verified Answer
Learning Objectives
- Acquire knowledge on the workings of asset turnover and the methodology for its calculation.
Related questions
Decision Makers and Other Users of Financial Statements Are Especially ...
Asset Turnover Is Computed by Dividing Net Sales by Average ...
Edmond Reported Average Total Assets of $9,965 Million and Net ...
The Asset Turnover Is Calculated as Total Sales Divided by ...
The Asset Turnover Ratio Is Calculated as Net Sales Divided ...