Above are portions of the balance sheet and income statement for two companies in 2008.Based upon this information,which of the following statements is most likely to be true?
A)Asset turnover ratios indicate that firm A is generating greater revenue per dollar of assets than firm B.
B)Fixed asset turnover ratios indicate that firm A generating fewer sales for the assets they employ than firm B.
C)Both asset turnover ratios and fixed asset turnover ratios indicate that firm A is generating greater revenue per dollar of assets than firm B.
D)Fixed asset turnover ratios indicate that firm A generating more sales for the assets they employ than firm B.

Question

Above are portions of the balance sheet and income statement for two companies in 2008.Based upon this information,which of the following statements is most likely to be true?
A)Asset turnover ratios indicate that firm A is generating greater revenue per dollar of assets than firm B. 
B)Fixed asset turnover ratios indicate that firm A generating fewer sales for the assets they employ than firm B. 
C)Both asset turnover ratios and fixed asset turnover ratios indicate that firm A is generating greater revenue per dollar of assets than firm B. 
D)Fixed asset turnover ratios indicate that firm A generating more sales for the assets they employ than firm B.

Quizplus · Accepted Answer

The Answer of 
Above are portions of the balance sheet and income statement for two companies in 2008.Based upon this information,which of the following statements is most likely to be true?
A)Asset turnover ratios indicate that firm A is generating greater revenue per dollar of assets than firm B. 
B)Fixed asset turnover ratios indicate that firm A generating fewer sales for the assets they employ than firm B. 
C)Both asset turnover ratios and fixed asset turnover ratios indicate that firm A is generating greater revenue per dollar of assets than firm B. 
D)Fixed asset turnover ratios indicate that firm A generating more sales for the assets they employ than firm B.

Above Are Portions of the Balance Sheet and Income Statement