The invention provides a signal processor that receives a signal containing information about an acoustic signal that is generated by at least one acoustic transmitter, that travels through an aerated fluid in a container, and that is received by at least one acoustic receiver arranged in relation to the container, including inside the container; and determines the gas volume fraction of the aerated fluid based at least partly on the speed of sound measurement of the acoustic signal that travels through the aerated fluid in the container. The signal processor also sends an output signal containing information about the gas volume fraction of the aerated fluid. The signal processor may be configured together with at least one acoustic transmitter, the at least one acoustic receiver, or both.