AllState Trucking Co. has the following ratios compared to its industry for 2013. Explain why the return-on-assets

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AllState Trucking Co. has the following ratios compared to its industry for 2013.

Explain why the return-on-assets ratio is so much more favorable than the return-on-sales ratio compared to the industry. No numbers are necessary; a one-sentence answer is all that isrequired.

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Oct 14, 2014 06:32 AM

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AllState Trucking Co. has the following ratios compared to its industry for 2013. Explain why the return-on-assets

Question:

AllState Trucking Industry 8% 10% Retum on sales. Return on assets 1590

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The amount of sales or revenue generated per dollar of a...View the full answer

Foundations of Financial Management

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