Multiple Choice
A firm's total asset turnover increased from 0.75 to 0.90. Which of the following is true about the given data?
A) Its assets have been efficiently used to derive the optimum level of sales.
B) Its assets have been efficiently used to derive the optimum level of net income.
C) Its assets have been efficiently used to derive the minimum level of net income.
D) Its assets have been efficiently used to derive the minimum level of gross profit.
Correct Answer:

Verified
Correct Answer:
Verified
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