Question: Would an accounting firm be characterized by (a) A high asset turnover and low profit margin, or (b) A low asset turnover and high profit

Would an accounting firm be characterized by
(a) A high asset turnover and low profit margin, or
(b) A low asset turnover and high profit margin? What about a company that operated a chain of grocery stores?

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a Accounting firms like any professional services firm do not need a significant amount on longlived ... View full answer

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