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Unformatted text preview: The lower return on assets indicates that Western does not generate as much profit per $1 of assets as the average firm in the industry. This could be due to inefficient asset utilization or because Western has high equipment costs compared to the industry. By comparing these ratios, Western should be able to determine areas for improvement in performance....
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This note was uploaded on 04/19/2011 for the course ECON 101 taught by Professor Dion during the Spring '11 term at Blue Ridge Community and Technical College.
- Spring '11