Company A operates in the industry where the asset turnover ration over the past year was an average of 10.0. Company As asset turnover ratio over the past year was 5.0. Which statement describes Company As asset turnover ratio over the past year compared to the industrys average turnover ratio?

1. Company A is less profitable than the industry average

2. Company A is more profitable than the industry average

3. Company A is converting its assets less efficiently than the average company within the industry

4. Company A is converting its assets more efficiently than the average company within the industry.