Use the Following Information to Calculate Current Assets: Sales =

question 47

Multiple Choice

Use the following information to calculate current assets: sales = $100 million, capital intensity ratio = 0.5 times, debt ratio = 30 percent, and fixed asset turnover ratio = 5 times.

• A) $10m
• B) $15m
• C) $30m
• D) $50m

---

Definitions:

Trusts

Legal entities that companies form to consolidate their market power and limit competition, often associated with monopolies in historical contexts.

Monopoly Pricing

A market situation where a single firm controls the production and sale of a product with no close substitutes, allowing it to charge higher prices.

Late 1800s

A period characterized by significant industrial, social, and technological changes, occurring in the 19th century.

Sherman Antitrust Act

A landmark federal statute in the U.S. passed in 1890 to prohibit monopolistic business practices and ensure competition in the marketplace.