Can you please define turnover rate and provide an example of such?© BrainMass Inc. brainmass.com June 3, 2020, 5:36 pm ad1c9bdddf
First of all turnover rate is an activity analysis ratio. Activity ratios show how effectively a firm's assets are being managed. Asset turnover ratio is one of the measures of activity. It is also called as asset turnover.
Assets turnover ratio: sales / average total assets
Average Total Assets = (Beginning Total Assets + Ending Total Assets) / 2
For example, if a fund's ...
Turnover rate is defined and explained with formulas and a sample problem in this solution.