What are the efficiency ratios, and what do they measure? Why, for some firms, is the total
Question:
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.
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Efficiency ratios also called turnover ratios measure how efficiently a firm uses its assets to ge...View the full answer
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Related Book For 
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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