XYZ Company, MNO Company and ABC Company have the following ratio values: XYZ MNO ABC Profit margin 11.2% 9.8% 8.7% Asset turnover 1.97 2.01 2.13 Return on assets 22.1% 19.7% 18.5% Profit margin = net income / net sales Asset turnover = net sales / average total assets Return on assets = net income / average total assets Which company appears to be using its assets more productively/efficiently to generate sales? Select one: O ABC O MNO O XYZ O Cannot determine using these ratios Kiesel Corporation has a net cash realizable value of accounts receivable of 100,000 before a write-off of a $3,000 account. After the write-off, what is the net cash realizable value of accounts receivable? Answer: n 12 Which method for accounting for uncollectible accounts best matches revenues and expenses? ed out of Select one: O Allowance method on O Direct write-off method O Neither the allowance method nor the direct write-off method