Suppose you find that a particular company generates $.40 in annual sales for every dollar in total
Question:
Suppose you find that a particular company generates $.40 in annual sales for every dollar in total assets. How often does this company turn over its total assets?
The total asset turnover here is .40 times per year. It takes 1/.40 = 2.5 years to turn assets over completely.
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Corporate Finance
ISBN: 9781265533199
13th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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