Leaf, Inc of Kingston Has a fiXed Asset Turnover Rate of of 2.26

Multiple Choice

Leaf, Inc. of Kingston has a fixed asset turnover rate of 2.26 and a total asset turnover rate of 1.13. From this information, you know that the:

A) Fixed assets equal 226 percent of the annual sales amount.
B) Annual sales are less than the value of the total assets of the firm.
C) Value of the current assets is equal to the value of the fixed assets.
D) Firm has $2.13 in sales for every $1 in total assets.
E) Firm utilizes its assets more efficiently than a firm with a total asset turnover of 1.25.