The Asset Turnover Ratio for 2014 Is Closest To

question 55

Multiple Choice

The asset turnover ratio for 2014 is closest to:

• A)3.80
• B)4.67
• C)4.19
• D)3.23

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Definitions:

Parity Concept

The idea that year after year the sale of a specific output of a farm product should enable a farmer to purchase a constant amount of nonagricultural goods and services.

Parity Concept

A principle in economics that suggests prices, incomes, or interest rates should equalize across different markets or countries, adjusted for exchange rates.

Farm Commodities

Agricultural products such as grains, milk, cattle, fruits, and vegetables that are usually sold to processors, who use the products as inputs in creating food products.

Prices-Paid Index

An economic indicator that tracks changes in the prices paid by manufacturers for inputs, raw materials, and services.