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maria [59]
1 year ago
15

The company you are investigating recorded fictitious revenues. What is the effect on the asset turnover ratio?

Business
1 answer:
BARSIC [14]1 year ago
5 0

In case fictitious revenues are recorded asset turnover ratio will increase.

The asset turnover ratio measures the performance of an organization's assets in producing revenue or income. It compares the dollar quantity of income (revenues) to its overall belongings as an annualized percent. hence, to calculate the asset turnover ratio, divide net income or revenue by the average total belongings.

Fictitious revenues contain the sale of goods or services that no longer arise. Fictitious invoices may be fake, but can also contain valid clients. A fictitious invoice may be prepared for a legitimate patron despite the fact that goods are not added or services have no longer been rendered.

Accounting ratios, an important subset of monetary ratios, are a group of metrics used to degree the performance and profitability of an employer based on its financial reports. They provide a way of expressing the relationship between one accounting information factor to any other and are the basis of ratio evaluation.

Learn more about asset turnover ratio here brainly.com/question/13401474

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Every worker and manager per set of management within the worksite

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Margene is the product manager at Fashions Ltd., a company that designs and manufactures clothes and fashion accessories. Notici
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<h3>What are resources?</h3>

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brainly.com/question/15308001

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6 0
2 years ago
Which of the following is most likely to occur as you add randomly selected stocks to your portfolio, which currently consists o
jarptica [38.1K]

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In the above scenario, the most likely to occur will be that the diversifiable risk of the portfolio will likely decline, but the expected market risk should not change.

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Explanation:

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2 years ago
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