13.08 ill 4G 4 < Chapter 9-Investments: Property, Pl... 3/14 Sheet 3.Multiple-Choice(5 Points) Medium A total asset turnover ratio of 3.5 indicates that: For every $1 in sales, the firm acquired $ A 3.50 in assets during the period. B For every $1 in assets, the firm produced $3.50 in net sales during the period. For every $1 in assets, the firm earned g ross profit of $3.50 during the period. For every $1 in assets, the firm earned $ 3.50 in net profit. next