AllState Trucking Co. has the following ratios compared to its industry for 2013.Explain why the… 1 answer below »

An inexperienced accountant prepared this condensed income statement for Simon CompanyFebruary 16, 2021

AllState Trucking Co. has the following ratios compared to its industry for 2013.Explain why the return-on-assets ratio is so much more favorable than the return-on-sales ratio compared to the industry. No numbers are necessary; a one-sentence answer is all that isrequired.View Solution:AllState Trucking Co has the following ratios compared to its

 
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