A company had average total assets of $600,000 and an asset turnover ratio of 4. Which of the following is not true?

a.Sales revenue was $2,400,000.

b.The asset turnover ratio indicates $4 of sales were generated for every $1 invested in assets.

c/The asset turnover ratio is an indication of the efficiency in the use of assets to generate revenues.

d.The asset turnover ratio indicates the success of efforts to control expenses.