Multiple Choice
Puffin Turnovers,Inc.'s fixed asset turnover was 0.9 while Muffin Tops,Inc.'s fixed asset turnover was 0.6.Which of the following statements about Puffin compared with Muffin is correct?
A) Puffin generated more sales per dollar of fixed assets.
B) Puffin has greater depreciation expense.
C) Puffin has more fixed assets.
D) Puffin has greater sales.
Correct Answer:
Verified
Correct Answer:
Verified
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