Question

A company reporting a Total Asset Turnover Ratio significantly higher than the industry average most likely indicates that:

A The company is generating higher sales volume for every rupee invested in assets compared to its peers.
B The company has a superior P/E ratio, reflecting higher market confidence in the industry
C The company is definitely more profitable in terms of Net Profit Margin than its other peers
D The company is following a capital-intensive strategy with high spending on fixed assets.
E The company has a lower debt-to-equity ratio than the industry average making it more asset light
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