Accountancy, asked by babbu9591, 1 year ago

Chester has an asset turnover of 1.53 (asset turnover = sales/assets). that means

Answers

Answered by ashakantasharma
1
Asset turnover ratio measures the value of a company's sales or revenues generated relative to the value of its assets. The Asset Turnover ratio can often be used as an indicator of the efficiency with which a company is deploying its assets in generating revenue. That means the company is generating a revenue of Rs. 153 for every Rs. 100 of its assets.
Similar questions