If a company's asset turnover ratio decreased from 2019 to 2020, which of the following conclusions can be made?
A) The company was more efficient during 2020 in using its assets to produce profits.
B) The company produced less sales in 2020 for each dollar invested in assets.
C) The company was less profitable in 2019.
D) The company over invested in assets in 2020.
Correct Answer:
Verified
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