Answer:
3. Net sales by average total assets
Explanation:
Total asset turnover -
It is given by the ration of the sales of the company to the average value of assets .
The asset turnover ratio helps to determine the efficiency of a company .
Therefore ,
Total asset turnover = Net sales / Average total assets .
As ,
the value of the asset turnover ratio is more , the company would be more efficient , and lower he value of the asset turnover ratio , less efficient would be the company .
