Trucking Co. has the following ratios compared to its industry for 2014. ...
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Accounting
Trucking Co. has the following ratios compared to its industry for 2014.
|
| Trucking | Industry |
| Return on sales.. | 3% | 8% |
| Return on assets | 15% | 10% |
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 is required.
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