Chester has an asset turnover of 1.49 (Asset Turnover = Sales/Assets). That mean
ID: 2721554 • Letter: C
Question
Chester has an asset turnover of 1.49 (Asset Turnover = Sales/Assets). That means: Select: 1 Every $1.49 of profit in the firm comes from each $1.00 of sales. Each $1.00 of assets in the firm generates $1.49 of sales revenue. Every $1.49 of assets in the firm generates $1.00 of sales. Every $1.00 of assets in the firm generates $1.49 of profit. Chester has an asset turnover of 1.49 (Asset Turnover = Sales/Assets). That means: Select: 1 Every $1.49 of profit in the firm comes from each $1.00 of sales. Each $1.00 of assets in the firm generates $1.49 of sales revenue. Every $1.49 of assets in the firm generates $1.00 of sales. Every $1.00 of assets in the firm generates $1.49 of profit.Explanation / Answer
Each $1.00 of assets in the firm generates $1.49 of sales revenue.