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Which of the following statements is true? a. The tangible capital asset turnover ratio assists managers in determining the estimated future capital expenditures that are needed. b. The average age of the tangible capital assets is computed by dividing accumulated depreciation by depreciation expense. c. If net sales increases, the tangible capital asset turnover ratio will decrease. d. A relatively low tangible capital asset turnover ratio signals that a company is efficiently using its assets.

Which of the following statements is true? a. The tangible capital asset turnover ratio assists managers in determining the estimated future capital expenditures that are needed. b. The average age of the tangible capital assets is computed by dividing accumulated depreciation by depreciation expense. c. If net sales increases, the tangible capital asset turnover ratio will decrease. d. A relatively low tangible capital asset turnover ratio signals that a company is efficiently using its assets.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following statements is true? a. The tangible capital asset turnover ratio assists managers in determining the estimated future capital expenditures that are needed. b. The average age of the tangible capital assets is computed by dividing accumulated depreciation by depreciation expense. c. If net sales increases, the tangible capital asset turnover ratio will decrease. d. A relatively low tangible capital asset turnover ratio signals that a company is efficiently using its assets.
Transcribed Image Text:Which of the following statements is true? a. The tangible capital asset turnover ratio assists managers in determining the estimated future capital expenditures that are needed. b. The average age of the tangible capital assets is computed by dividing accumulated depreciation by depreciation expense. c. If net sales increases, the tangible capital asset turnover ratio will decrease. d. A relatively low tangible capital asset turnover ratio signals that a company is efficiently using its assets.
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