Assume that a particular firm has a total asset turnover ratio lower than the industry norm. In addition, this firm's current ratio and fixed asset turnover ratio also meet industry standards
Based on this information, we can conclude that this firm must have excessive
A) accounts receivable.
B) fixed assets.
C) debt.
D) inventory.
Answer: D
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Hearing feelings is at Level III communication
Indicate whether the statement is true or false.