Multiple Choice
If a company's asset turnover ratio decreased from 2017 to 2018,which of the following conclusions can be made?
A) The company was more efficient during 2018 in using its assets to produce profits.
B) The company produced less sales in 2018 for each dollar invested in assets.
C) The company was less profitable in 2017.
D) The company's average total assets decreased for relatively stable sales in 2017 and 2018.
Correct Answer:
Verified
Correct Answer:
Verified
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