Suppose you find that a particular company generates $0.40 in revenue for every dollar in total assets.

Question:

Suppose you find that a particular company generates $0.40 in revenue for every dollar in total assets. How often does this company turn over its total assets?

The total asset turnover here is 0.40 times per year. It takes 1/0.40 = 2.5 years to turn total assets over completely.

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