Given that sales have not changed, a decrease in the total assets turnover means that the company's

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Given that sales have not changed, a decrease in the total assets turnover means that the company's assets have increased. Also, the fact that the fixed assets turnover ratio remained constant implies that the company increased its current assets. Since the company's current ratio increased, and yet, its quick ratio is unchanged means that the company has increased its inventories.

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Financial Management Theory And Practice

ISBN: 9780324259681

11th Edition

Authors: Eugene F Brigham, Michael C Ehrhardt

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