DOLLAR VALUE LIFO Definition

DOLLAR VALUE LIFO, in the U.S., is a method of expressing the value of an inventory in monetary values rather than units. Each homogeneous group of inventory items is converted into base-year prices by using the appropriate price indices. The difference between opening and closing inventories is a measure in monetary terms of the change in the financial period.

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FED BOOK ENTRY is an electronic registration, transfer and settlement system for securities on the Federal Reserve System.

TOTAL ASSET TURNOVER measures managements efficiency in managing all of a firm's assets - specifically the generation of revenues from the firms total investments in assets. This ratio is extremely important in high asset firms such as manufactures and telecommunications companies. Generally, the higher this ratio as compared to like companies or the industry (Formula: Net Revenue / Total Assets):

•  the smaller the investment required to generate sales, thus the more profitable the firm.
•  indicates the firm has less money tied up in fixed assets for each dollar of sales revenue.

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