A Firm Has a Lower Inventory Turnover, a Longer ACP

Multiple Choice

A firm has a lower inventory turnover, a longer ACP, and a lower fixed-asset turnover than the industry averages. You should not be surprised to find that this firm has:
I. Lower ATO than the industry average
II. Lower ROA than the industry average
III. Lower ROE than the industry average

A) I only
B) I and II only
C) II and III only
D) I, II, and III