Asked by
Destiny Jones
on Nov 14, 2024
Verified
The asset turnover indicates how efficiently a company uses its assets.
Asset Turnover
A financial ratio that measures the efficiency of a company's use of its assets to generate sales revenue.
Efficiently
Performing or functioning in the best possible manner with the least waste of time and resources.
- Compute and elucidate the asset turnover ratio.
Verified Answer
JB
Learning Objectives
- Compute and elucidate the asset turnover ratio.