Chester has an asset turnover of 1.49 (Asset Turnover = Sales/Assets). That mean

Question

Chester has an asset turnover of 1.49 (Asset Turnover = Sales/Assets). That means: Select: 1 Every $1.49 of profit in the firm comes from each $1.00 of sales. Each $1.00 of assets in the firm generates $1.49 of sales revenue. Every $1.49 of assets in the firm generates $1.00 of sales. Every $1.00 of assets in the firm generates $1.49 of profit. Chester has an asset turnover of 1.49 (Asset Turnover = Sales/Assets). That means: Select: 1 Every $1.49 of profit in the firm comes from each $1.00 of sales. Each $1.00 of assets in the firm generates $1.49 of sales revenue. Every $1.49 of assets in the firm generates $1.00 of sales. Every $1.00 of assets in the firm generates $1.49 of profit.

Explanation / Answer

Each $1.00 of assets in the firm generates $1.49 of sales revenue.

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