How do you calculate the asset turnover ratio and what does this ratio measure?

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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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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 12:39 PM

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How do you calculate the asset turnover ratio and what does this ratio measure?

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The asset turnover ratio is calculated by divid...View the full answer

Financial Accounting: A Business Process Approach

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