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Calculate Allied Food Product's (AFP's) Total Assets Turnover Ratio 12/31/21. If the industry average ratio is 1.3x, how could AFP's performance be interpreted? 1.5x, which
Calculate Allied Food Product's ("AFP's") Total Assets Turnover Ratio 12/31/21. If the industry average ratio is 1.3x, how could AFP's performance be interpreted? 1.5x, which is inferior to the industry average of 1.3x because AFP must have too few assets relative to sales. 1.5x, which is superior to the industry average of 1.3x 1.2x, which is inferior to the industry average of 1.3x because AFP has too many assets relative to sales
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