Answered

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Asset Turnover = 12
What does that mean???

a. For every $12 in total assets, you generated $1.00 in sales.
b. You used up your inventory 12 times this period.
c. For every $1.00 in total assets, you generated $12 in sales.
d. For every $1.00 in average assets, you have $12 in total liabilities.

Sagot :

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