Question
Land Land Land, Inc. has a total asset turnover ratio of 2.0. The average total asset turnover ratio for the firm's industry is 2.5. Based
Land Land Land, Inc. has a total asset turnover ratio of 2.0. The average total asset turnover ratio for the firm's industry is 2.5. Based on this information you know that:
Question 4 options:
LLL has relatively more debt than the average firm in the industry. | |
LLL has relatively less debt than the average firm in the industry. | |
LLL more efficiently utilizes its assets than the average firm in the industry. | |
LLL less efficiently utilizes its assets than the average firm in the industry. |
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
5th Canadian edition
9781259105692, 978-1259103285
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