A total asset turnover ratio of 4.3 indicates that: A. For every $1 in sales, the firm acquired $4.3 in assets during the period.
B. For every $1 in assets, the firm produced $4.3 in net sales during the period.
C. For every $1 in assets, the firm earned gross profit of $4.3 during the period.
D. For every $1 in assets, the firm earned $4.3 in net income.
E. For every $1 in assets, the firm paid $4.3 in expenses during the period.

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation