If a company's asset turnover ratio decreased from 2016 to 2017, which of the following conclusions can be made?
A) The company was more efficient during 2017 in using its assets to produce profits.
B) The company produced less sales in 2017 for each dollar invested in assets.
C) The company was less profitable in 2016.
D) The company's average total assets decreased for relatively stable sales in 2016 and 2017.
Correct Answer:
Verified
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