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

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.

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