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Hello I am working on my assignment for management class. I have calculated the total asset turnover ration for year 2015 and 2016 by using
Hello
I am working on my assignment for management class. I have calculated the total asset turnover ration for year 2015 and 2016 by using this formula.
Total asset turnover ratio= total operating revenues/ total assets
year 2016= 1378287738/1567838211= 0.87
year 2015= 1227830814/1384461557= 0.88
My question is how can i know the benchmark?
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