Shelli's Ski Super Has Sales of $670, Net Fixed Assets

question 23

Multiple Choice

Shelli's Ski Super has sales of $670, net fixed assets of $210, total assets of $305, and current assets of $25. Which of the following is the total asset turnover ratio for the business?

• A) 0.46 times
• B) 2.2 times
• C) 3.19 times
• D) 26.8 times

---

Definitions:

Persuasive Recommendations

Suggestions intended to convince others to take a particular course of action or adopt specific viewpoints.

Proposals

Detailed plans or suggestions put forth for consideration or discussion, particularly in a business or professional context.

Secondary Research

The process of gathering existing data from previously published sources, such as books, articles, databases, and reports.

Primary Research

Original research conducted to collect data firsthand, rather than using existing sources, to address a specific research question or hypothesis.