An asset turnover ratio of 1.75 can be interpreted as: Select one: a....

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Accounting

An asset turnover ratio of 1.75 can be interpreted as:
Select one:
a. $1.75 in assets are used to generate $1 of sales.
b. $1.75 in additional assets are generated by every $1 of sales.
c. $1.75 in sales are generated by every $1 of assets.
d. $1 in sales are used to generate $1.75 in assets.
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