[SOLVED]Chester has an asset turnover of 1.53 (Asset Turnover = Sales/Assets). That means:
Chester has an asset turnover of 1.53 (Asset Turnover = Sales/Assets). That means:
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- Each $1.00 of assets in the firm generates $1.53 of sales revenue.
- Every $1.53 of assets in the firm generates $1.00 of sales.
- Every $1.00 of assets in the firm generates $1.53 of profit.
- Every $1.53 of profit in the firm comes from each $1.00 of sales.
