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    Total Asset Turnover

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    A firm with a total asset turnover lower than the industry standard and a current ratio which meets the industry standard may have ______.

    excessive fixed assets, excessive inventory, excessive accounts receivable, or excessive debt

    please advise answer & why - thanks!

    © BrainMass Inc. brainmass.com March 4, 2021, 6:12 pm ad1c9bdddf
    https://brainmass.com/business/accounting/total-asset-turnover-34858

    Solution Preview

    current ratio = current assets / current debt
    asset turnover = sales ...

    Solution Summary

    The expert examines total asset turnovers for industry standards.

    $2.49

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