Chapter 14, Problem 12F15

To determine

Asset Turnover:

Asset turnover ratio is a measure of the revenue generated by a company through sales, in comparison to the assets deployed by it. It is essential to track this measure in order to see if the return on investment in the form of sales through capital expenditure incurred on procurement of assets.

  $\text{Assets Turnover Ratio =}\frac{\text{Company's sales over the reporting period}}{\text{Average Balance of Assets over the reporting period}}$

To Compute:

Total Asset Turnover