11.

ABC corporation has total assets of $450 M, fixed assets of $350 M, and a sales revenue of $100 M. Given this information, asnwer the following questions.

What is ABC Corporation's Total Asset Turnover ratio?

A.

0.45

B.

0.35

C.

1.28

D.

0.77

Asset turnover measures how efficiently the company utilizes its available assets to generate sales. Based on this defintion, which of following provides a better estimate of asset efficiency?

A.

Fixed Asset Turnover

B.

Total Asset Turnover