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Question

In a recent year, Windsor's Boat's reported an asset turnover ratio of 2.46 times and a profit margin of 19.8% . In the same year, Sarah's Sail Boats reported an asset turnover ratio of 1.27 times and a profit margin of 9.9% . Which of the following statements is false ?

Sarah's did a better job of turning over its assets

Windsor's did a better job of generating profit from its sales

Windsor's return on assets (ROA) is 48.7% while Sarah's return on assets is 12.6%

None of the other answers is false

ANS : 1

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