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 Digby has an asset turnover of 1.51

 

Digby has an asset turnover of 1.51 (Asset Turnover = Sales/Assets). That means:

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Every $1.00 of assets in the firm generates $1.51 of profit.

 

Every $1.51 of assets in the firm generates $1.00 of sales.

 

Every $1.51 of profit in the firm comes from each $1.00 of sales.

 

Each $1.00 of assets in the firm generates $1.51 of sales revenue.

 



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