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3 years ago

Baldwin has an asset turnover of 1.55 (Asset Turnover = Sales/Assets). That means:________.

Business

1 answer:

DedPeter [7]3 years ago

5 0

Answer:

4. Each $1.00 of assets in the firm generates $1.55 of sales revenue.

Explanation:

Given that

The asset turnover ratio is 1.55 times

Also, it could be calculated by applying the following formula

Asset turnover ratio is

= Sales ÷ Average assets

In this the comparison is made for generating the sales by considering the assets

Therefore in the given case, the last option is correct and hence the same is to be considered

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3 years ago

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Answer:

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3 years ago

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andrew-mc [135]

Answer and Explanation:

The Journal entry is shown below:-

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3 years ago

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Answer:

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Download pdf

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4 years ago