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Since converting the firm's inventory to profits is a key function of management, firms use ______ to measure the effectiveness of management in utilizing the assets that are available.

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ogorwyne

The firms use financial performance to measure the effectiveness of management in utilizing the assets that are available.

What is financial performance?

This is a term that is a measure of how well a firm is able to make use of its assets that are generated from its businesses and revenue generation.

It also is a measure of the financial health of a business over a period of time.

Raed more on financial performance here: https://brainly.com/question/8344696