Question: QUESTION 12 A declining fixed asset turnover ratio suggests that a: A. company's net sales must be increasing. B.company is not as efficient in using

QUESTION 12 A declining fixed asset turnover ratio suggests that a: A. company's net sales must be increasing. B.company is not as efficient in using its fixed assets as it was in previous periods. C. company must have purchased some intangible assets. D. company's beginning fixed asset balance must be greater than its ending fixed asset balance. E none of the above would result in a declining fixed asset turnover ratio

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