Question

write definition of working capital turnover ratio? ​

Answer 1

Answer:

The working capital turnover ratio is calculated by dividing net annual sales by the average amount of working capital—current assets minus current liabilities—during the same 12-month period

Explanation:

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Answer 2

Answer:

Working capital turnover is a ratio that measures how efficiently a company is using its working capital (current assets minus current liabilities) to support a given level of sales.

Explanation:

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