One of the Following Statements Is NOT True of Asset

One of the following statements is NOT true of asset turnover ratios.

A) Asset turnover ratios measure the level of sales per dollar of assets that the firm has.
B) The fixed assets turnover ratio is less significant for equipment-intensive manufacturing industry firms than the total assets turnover ratio.
C) The higher the total asset turnover, the more efficiently management is using total assets.
D) All of the above are true.