Flask Company Reports Net Sales of $4,315 Million;cost of Goods

question 115

Multiple Choice

Flask Company reports net sales of $4,315 million;cost of goods sold of $2,808 million;net income of $283 million;and average total assets of $2,136.Compute its total asset turnover.

• A)1.31.
• B)2.02.
• C).13.
• D).76.
• E).50.

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Definitions:

Operating Systems

Software that manages computer hardware, software resources, and provides common services for computer programs.

Integrated Technology Platforms

Common operating systems that can be used across multiple computers connected through the Internet.

Horizontal Structuring

Reflects the way the company subdivides itself.

Chain Of Command

The formal line of authority, communication, and responsibility within an organization.