Multiple Choice
If a company's asset turnover ratio decreased from 2012 to 2013,which of the following conclusions can be made?
A) The company was more efficient during 2013 in using its assets to produce profits
B) The company produced less sales in 2013 for each dollar invested in assets.
C) The company was less profitable in 2012.
D) The company over invested in assets in 2013.
Correct Answer:
Verified
Correct Answer:
Verified
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