- Measures relationship between sales and fixed assets
- Generally favorable: higher result
- Measure of: activity and efficiency
- Indicates how well a company utilizes property, plant & equipment to generate revenue
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Learn financial accounting using beautifully illustrated flashcards, coordinated lessons, and rich audio. Whether you are an aspiring CPA or IFRS expert, use this accountancy app to reach your goals. Even an aspiring chartered accountant or those reaching for the CPA Australia can benefit. Topics of accounting standards, equation, terms, ratios, and more are covered.
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