Question: An increase in the fixed asset turnover ratio from 2 . 0 to 2 . 7 indicates a . a favorable trend in the efficiency
An increase in the fixed asset turnover ratio from to indicates
a a favorable trend in the efficiency of using fixed assets to generate sales.
b a favorable trend in the efficiency of using fixed assets to pay down debt.
c an unfavorable trend in the efficiency of using fixed assets to generate sales.
d None of these choices are correct.
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