The total asset turnover ratio: a _______ ratio is considered “good” and indicates that the firm is efficient in using its assets to generate______. Group of answer choiceshigh, interestlow, saleshigh, saleslow, interestNext
Question
The total asset turnover ratio: a _______ ratio is considered “good” and indicates that the firm is efficient in using its assets to generate______. Group of answer choiceshigh, interestlow, saleshigh, saleslow, interestNext
Solution
The total asset turnover ratio is a measure of a firm's efficiency in using its assets to generate sales. Therefore, a high ratio is considered "good" as it indicates that the firm is efficient in using its assets to generate sales. So, the correct answer is "high, sales".
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