A company has a total asset turnover ratio of 1.5, while the industry average is 2.0. What might this indicate about the company's performance?

• A. The company has a better liquidity position than its peers.
• B. The company is less efficient in using its assets compared to its industry peers.
• C. The company is more efficient than its industry peers.
• D. The company has a higher profitability than its peers.

Answer: (B)