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Baldwin has an asset turnover of 1.57 (Asset Turnover = Sales/Assets). That means: Select: 1 Every $1.57 of assets in the firm generates $1.00 of

Baldwin has an asset turnover of 1.57 (Asset Turnover = Sales/Assets). That means: Select: 1
Every $1.57 of assets in the firm generates $1.00 of sales.
Every $1.57 of profit in the firm comes from each $1.00 of sales.
Each $1.00 of assets in the firm generates $1.57 of sales revenue.
Every $1.00 of assets in the firm generates $1.57 of profit.

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