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Flyer Corp. had the following ratio results for the last three years of operations: 2019 2020 2021 Return on assets T0% 1196 1396 Asset turnover

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Flyer Corp. had the following ratio results for the last three years of operations: 2019 2020 2021 Return on assets T0% 1196 1396 Asset turnover 40 times .42 times .44 times Note: Return on assets is calculated as net income divided by average total assets. Asset turnover is calculated as net sales divided by average total assets. Based upon the above, Flyer Corp.: A. experienced a decline in overall liquidity during the years shown. B. experienced a decline in its profitability over the years shown. C. experienced an improvement in overall solvency during the years shown. D. experienced improvement in its profitability over the years shown. Reset Selection

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