Use the following information for Ace Retailers to answer the question Which of the following statements is true with regard to the asset turnover ratios of Ace Retailers? Fixed asset turnover has gotten worse while total asset turnover is better in 2016 compared to 2015. Ace Retailers has increased sales relative to their investment in fixed assets or decreased their investments in fixed assets relative to sales. Total asset turnover has declined in 2016 due to the change in revenues. Total asset turnover has decreased due to less efficient use of fixed assets