Briefly describe the dangers to financial statement users inherent in the use of the fixed asset turnover
Question:
Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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As with all ratios the fixed asset turnover ratio must be used carefully to ensure that errone...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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