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Measuring Property, Plant & Equipment Asset Efficiency

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is NOT a property, plant, and equipment asset?

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1. A company's asset turnover ratio should be compared with:

2. Calculate the asset turnover ratio if net sales = $750,000; last year's property, plant, and equipment assets = $225,000 and this year's property, plant, and equipment assets = $350,000.

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About This Quiz & Worksheet

Move through the quiz and worksheet so that you can identify what type of knowledge you have about evaluating efficiency for accounting. You need to know what asset turnover ratio is and know how to calculate it for the quiz.

Quiz & Worksheet Goals

You can test your understanding of:

  • What an asset turnover ratio of 5.25 indicates
  • Things that represent a strategy to improve the asset turnover ratio
  • What a company's asset turnover ratio should be compared with
  • Examples of property, plant and equipment assets
  • Calculating an asset turnover ratio

Skills Practiced

  • Problem solving - use acquired knowledge to calculate an asset turnover ratio
  • Information recall - access the knowledge you have gained about examples of a property, plan and equipment asset
  • Reading comprehension - ensure that you draw the most important information from the lesson on evaluating efficiency for accounting

Additional Learning

In order to review more, use the lesson named Measuring Property, Plant & Equipment Asset Efficiency. You'll get to review more about:

  • What an asset is
  • The formula for asset turnover ratio
  • Why companies want to calculate the asset turnover ratio
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