The Following Selected Information Is from Acme's Annual Report for the Years

Multiple Choice

The following selected information is from Acme's annual report for the years ended December 31:

-Refer to the Acme annual report above.Which of the following statements is TRUE about the asset turnover ratio for 2011 and 2012?

A) The asset turnover ratio decreased in 2012 because management was using the company's assets less efficiently.
B) The asset turnover ratio decreased in 2012 because management was using the company's assets more efficiently.
C) The asset turnover ratio increased in 2012 because management was using the company's assets less efficiently.
D) The asset turnover ratio increased in 2012 because management was using the company's assets more efficiently.