Which of the following is an asset utilization ratio?Multiple Choicereturn on assetsreceivables turnoverreturn on equitycurrent ratio
Question
Solution 1
The asset utilization ratio among the options given is "receivables turnover". This ratio measures how effectively a company uses its assets to generate revenue. It is calculated by dividing the net credit sales by the average accounts receivable during a certain period. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-
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