Home Gradebook Question 14 - Wk 2 - Practice: Wk 2 X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fvle.phoenix.edu%252Fultra%252Fcourses%252F_288506_1%252Fout| # 90% ) ... E Wk 2 - Practice: Wk 2 Exercises [due Day 5] @ Saved Help Save & Exit Submit Check my work 14 The asset turnover ratio (ATR) is the ratio of a company's revenues to the value of its assets (indicating its efficiency in deploying its assets). We should not use the standard deviation to compare ATR variation among industrial sectors because firms with large asset bases (e.g., utilities, financial) typically have lower mean ATR than, say, retail firms. 2 points Retail Utilities Financial Mean 2. 1880 0. 0550 0. 0826 Standard Deviation 0. 5490 0. 0091 0. 0224 Click here for the Excel Data File Book (a) Use the sample data to calculate the coefficient of variation for each sector. (Round your answers to 2 decimal places.) References Coefficient of Variation Retail % Utilities % | Financial (b) Which sector has the highest degree of relative variation? The lowest? The financial sector has the highest relative variation and utilities has the lowest relative variation. (c) If someone (incorrectly) used the standard deviations to compare variation, would the ranking among sectors be the same? O No Yes