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X and Y are two beer companies. X is smaller and financially more conservative compared to Y. In addition, X outsources its brewing activities while
X and Y are two beer companies. X is smaller and financially more conservative compared to Y. In addition, X outsources its brewing activities while Y produces beer using its own facilities. Besides, Y also owns theme parks and bottling facilities. Compared to Y, Company X will tend to have ________ debt ratio and _____ net fixed assets turnover.
a.Higher, higher
b.Lower, higher
c. Higher, lower
d. Lower, lower
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