If a Company's Asset Turnover Ratio Decreased from 2019 to 2020

question 142

Multiple Choice

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.

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Definitions:

Ritualistic Behaviors

Repetitive actions performed in a particular sequence, often with symbolic significance, and usually observed in religious or cultural practices.

Obsession

An obsession refers to persistent, intrusive thoughts, images, or urges that cause significant anxiety or distress.

Compulsion

An irresistible urge to perform an irrational or a seemingly unnecessary act, often repetitively, driven by anxiety or stress.

Alcohol Wipes

Pre-moistened towelettes soaked in alcohol, commonly used for cleaning or disinfecting surfaces as well as skin areas before injections.