Explain how to calculate total asset turnover. Describe what it reveals about a company's financial condition, whether a higher or lower ratio is desirable, and how it is best applied for comparative purposes.

Total Asset Turnover -Net sales / Revenue divided by Average Total Cost

Explanation:

Total Asset turnover helps to know :-

1. Financial Condition - Which means how much profit the company has earned and what are there Retained Earnings.

2. Desirable Ratios - Depending upon the company type and size ratios are decided which helps them to make a standard comparison.

Total Asset turnover helps to compare the efficiency of the company through figures which would give them a direction to increase there sales volume.

agriculture and oil. natural resources, industry.

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%