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You are given the following information about Grill Cedar: The company has sales of $304,380, and net fixed assets of $64,000. In addition, the firms
You are given the following information about Grill Cedar: The company has sales of $304,380, and net fixed assets of $64,000. In addition, the firms net working capital is $34,000 and current liabilities of $16,000. Calculate the Total Asset Turnover Ratio. Is the firm more or less efficient than its competitor that has a Total Asset Turnover of 2.75?
A. 2.11, less efficient
B.2.11, more efficient
C. 2.67, less efficient
D. 2.67, more efficient
E. 1.44, less efficient
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