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The following information was extracted from the accounting records of Flora Division: Prior Year Current Year Profit Margin Ratio 6.0% 5.0% Asset Turnover Ratio 2.5

The following information was extracted from the accounting records of Flora Division:

Prior Year Current Year

Profit Margin Ratio 6.0% 5.0%

Asset Turnover Ratio 2.5 times 3.2 times

Did Flora improve its performance in current year compared to prior year? How?

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