What is true of Turnover ratios?

Turnover ratios are calculated to determine the efficiency of operations based on effective utilization of resources. Higher turnover means lesser utilization of resources Both 1 and 2 None of the above

Turnover ratios are calculated to determine the efficiency of operations based on effective utilization of resources.

Turnover Ratios: Turnover ratios are calculated to determine the efficiency of operations based on effective utilisation of resources. Higher turnover means better utilisation of resources.