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Means of chester has an asset turnover of 1.63

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Reference no: EM13921497

Chester has an asset turnover of 1.63 (Asset Turnover = Sales/Assets). That means

Each $1.00 of assets in the firm generates $1.63 of sales revenue.

Every $1.63 of assets in the firm generates $1.00 of sales.

Every $1.63 of profit in the firm comes from each $1.00 of sales.

Every $1.00 of assets in the firm generates $1.63 of profit.

Reference no: EM13921497

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