Question: 14) The asset turnover ratio measures A) how efficiently a business uses its sales to finance the assets B) how efficiently a business uses its

14) The asset turnover ratio measures A) how efficiently a business uses its sales to finance the assets B) how efficiently a business uses its net profit to finance the assets C) how the ending inventory helps increase the value of assets D) how efficiently a business uses its average total assets to generate sales 15) Which of the following statements about franchises is correct? A) Franchises are privileges granted by a government to use public property in performing services. B) Franchises are privileges granted by a business to sell goods or services under specified conditions. C) The acquisition cost of a franchise cannot be amortized because its useful life cannot be determined. D) The acquisition cost of a franchise is always amortized over its legal life. ant Reconciliation (10 points) le for Ashley Company for the month ending June 30, 2019

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