Question: ( Chapter 3 ) Delfino's has a fixed asset turnover rate of 1.3 and a total asset turnover rate of 0.92. Frederick's has a fixed

(Chapter 3) Delfino's has a fixed asset turnover rate of 1.3 and a total asset turnover rate of 0.92. Frederick's has a fixed asset turnover rate of 1.2 and a total asset turnover rate of 1.03. Both companies have similar operations. Delfino's is:

Group of answer choices

utilizing its total assets more efficiently than Frederick's.

utilizing its fixed assets more efficiently than Frederick's.

generating $1 in sales for every $1.30 in net fixed assets.

generating $1.30 in net income for every $1 in net fixed assets.

more profitable than Frederick's.

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