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Which of the following best describes the purpose of the asset turnover ratio? It measures how effectively a company uses its assets to generate sales

Which of the following best describes the purpose of the asset turnover ratio?

It measures how effectively a company uses its assets to generate sales

It assesses the profitability of a company

It calculates the total dividends paid out to shareholders

It evaluates the company's ability to pay long

-

term debts

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