Multiple Choice
If a company's asset turnover ratio decreased from 2014 to 2015, which of the following conclusions can be made?
A) The company was more efficient during 2015 in using its assets to produce profits.
B) The company produced less sales in 2015 for each dollar invested in assets.
C) The company was less profitable in 2014.
D) The company's average total assets decreased for relatively stable sales in 2014 and 2015.
Correct Answer:
Verified
Correct Answer:
Verified
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