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Which of the following statements regarding the fixed asset turnover ratio is true?
a. A larger fixed asset turnover ratio is associated with firms that are more labor intensive and require smaller fixed asset investments.
b. The fixed asset turnover ratio cannot be compared across time for an individual company.
c. The fixed asset turnover ratio is not useful for comparing different companies.
d. A smaller fixed asset turnover ratio is associated with firms that are more labor intensive and require smaller fixed asset investments.
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