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Three different companies have the following asset turnover ratio: - XCompany: 1.8 - Y Company: 3.2 - Z Company: 2.7 Asset turnover = (net sales

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Three different companies have the following asset turnover ratio: - XCompany: 1.8 - Y Company: 3.2 - Z Company: 2.7 Asset turnover = (net sales / average total assets) Based on this, than both of the other two companies. X Company is more profitable x Company is more liquid X Company is more solvent Y Company is more profitable Y Company is more liquid Y Company is more solvent Z Company is more profitable Z Company is more liquid Z Company is more solvent

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