Answer

An asset turnover ratio of 1.87 for a company indicates that: Oa. the company has $1.87 of current assets for each dollar of fixed assets invested. Ob. the company is generating $1.87 of sales revenue for each dollar of long-term operating assets invested. Oc. the company is generating $1.87 of net income for each dollar of retained earnings. Od. the company has $1.87 of long-term debt for each dollar of operating revenue earned