Moore Money is a financial services firm specializing in fixed-income investments. You have been asked by the

Question:

Moore Money is a financial services firm specializing in fixed-income investments. You have been asked by the accounting manager to analyze the company’s financial data from last quarter. You find the firm had return on investment (ROI) of 15 percent and of 0.5. What was the firm’s return on sales?

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.