Question
Firm A as total assets of $100 and sales of $200. Firm B has total assets of $300 and sales of $500. Group of answer
Firm A as total assets of $100 and sales of $200. Firm B has total assets of $300 and sales of $500.
Group of answer choices
Firm A has a total asset turnover ratio of 0.5.
Firm B has a total asset turnover ratio of 0.6.
Firm B has a total asset turnover ratio of 1.67.
Firm A has a total asset turnover ratio of 2.
Firm B is utilizing its total assets more effectively than firm A.
Firm A is utilizing its total assets more effectively than firm B.Firm A is utilizing its total assets more effectively than firm B.
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Auditors Letter Handbook
Authors: American Bar Association Business Law Section
2nd Edition
161438973X, 978-1614389736
