Multiple Choice
If a company's asset turnover ratio decreased from 2011 to 2012,which of the following conclusions can be made?
A) The company was more efficient during 2012 in using its assets to produce profits
B) The company produced less sales in 2012 for each dollar invested in assets.
C) The company was less profitable in 2011.
D) The company over invested in assets in 2012.
Correct Answer:
Verified
Correct Answer:
Verified
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