If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 25088, and Rs 28098.56 respectively, what is the rate of interest?
A person purchased 10 shirts costing Rs 150 per shirt. Next day he again purchased the shirts costing Rs 150 per shirt at a discount of Rs 30 per shirt and that day he spent a toal of Rs 1800. What is the average cost per shirt (in Rs)?
A) The efficiency of management's use of assets to generate sales
B) The need for asset replacement
C) The cash flows used to acquire assets
D) The relation between asset cost and book value
A) The efficiency of management's use of assets to generate sales
B) The need for asset replacement
C) The cash flows used to acquire assets
D) The relation between asset cost and book value
Answer & ExplanationAnswer: A) The efficiency of management's use of assets to generate sales
Explanation:
Total asset turnover is the ratio which measures the value of a company's sales or revenues relative to the value of its assets. It is used to evaluate The efficiency of management's use of assets to generate sales.
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