Chester has an asset turnover of 1.62 (Asset Turnover = Sales/Assets). That means:Select: 1

Every $1.62 of assets in the firm generates $1.00 of sales.

Every $1.00 of assets in the firm generates $1.62 of profit.

Every $1.62 of profit in the firm comes from each $1.00 of sales.

Each $1.00 of assets in the firm generates $1.62 of sales revenue.