Author Question: A firm's total asset turnover increased from 0.75 to 0.90. Which of the following is true about the ... (Read 100 times)

mp14 · **on:** Jul 11, 2018

A firm's total asset turnover increased from 0.75 to 0.90. Which of the following is true about the given data?

A) Its assets have been efficiently used to derive the optimum level of sales.
B) Its assets have been efficiently used to derive the optimum level of net income.
C) Its assets have been efficiently used to derive the minimum level of net income.
D) Its assets have been efficiently used to derive the minimum level of gross profit.

Question 2

The relevant cash flows for a proposed capital expenditure are the incremental after-tax cash outflows and resulting subsequent inflows.

Indicate whether the statement is true or false