Consider two companies (A and B) with equal profit margins of 18%. Company A has an asset turnover of 1.2 and Company B has an asset turnover of 1.5. If all else is equal, Company B with its’ higher asset turnover, is less profitable because it requires more revenue to turn its assets over. Select one:

a. True
b. False

The correct answer is False.

Explanation:

Asset turnover is a financial indicator that evaluates the efficiency of management in managing their sales vs. the assets they own. The example shows that companies A and B, despite having equal profit margins, have a different rotation. As explained at the beginning, a higher turnover indicator shows that it is more profitable because it measures the number of times that assets generate sales revenue, which would be a benefit for the organization.

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

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