by Angela MarcelaMartínez Rodríguez 4 years ago
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Principally accounts receivable and merchandise inventories
Net Income/Average stockholder´s equity
Turnover = Sales / Average assets
Turnover is frequently calculated for:
Total assets.
Total operating assets.
Plant and equipment
Inventories.
Accounts receivable.
E.g., operating income
Two financial leverage measures, the debt ratio and the debt/equity ratio, are used to indicate the extent to which a firm is using financial leverage.