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10. Company A has the following information excerpted from its financial statements: Which of the tollowing statements is correct? The company did not take out

image text in transcribed 10. Company A has the following information excerpted from its financial statements: Which of the tollowing statements is correct? The company did not take out any loans in Year 3. Assuming the median of return on sales ratio of 5% within the company's industry can be used as an industry benchmark from Year 1 through Year 3. The company's return on sales ratio is higher than the industry from Year 1 through Year 2. Assuming the median of debt/assets ratio of 36% within the company's industry can be used as an industry benchmark from Year 1 through Year 3. The company's debt/assets ratio in Year 2 is lower than the industry. Assuming the median of gross margin ratio of 30% within the company's industry can be used as an industry benchmark from Year 1 through Year 3. The company's gross margin ratio is higher than the industry from Year 1 through Year 2

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