Question

The more efficiently a company is using its assets a.efficiency does not affect the fixed asset turnover. b.the higher the book value of fixed assets. c.the higher the fixed asset turnover. d.the lower the fixed asset turnover.

Answer 1

Answer:

c

Explanation:

Answer 2

The more efficiently a company is using its assets the higher the fixed asset turnover. Thus the correct answer is C.

What is an asset?

An asset is considered as a resource of the business which has an economic value in the future of the business and helps business activities to take place smoothly.

This refers to owning the business to carry functioning in nature. It is both fixed and current assets. Fixed assets include buildings, machinery, land, and so on whereas current asset includes debtors, bill receivables, and so on.

To determine the efficiency of assets used in any organization to generate revenue use of asset turnover ratio is done. It states that the greater the asset turnover ratio the revenue will be received by the assets.

Therefore, option C  the higher the fixed asset turnover is appropriate.

Learn more about Assets, here:

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