A Firm Reported Working Capital of $5

question 14

Multiple Choice

A firm reported working capital of $5.5 million and fixed assets of $20 million. Its fixed asset turnover was 1.2 times. What was the firm's sales to working capital ratio?

• A) 2.21 times
• B) 4.36 times
• C) 5.19 times
• D) 6.03 times

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Definitions:

Bourgeoisie

The middle class in capitalist societies, owning means of production and employing labor power for profit.

Instrumental Rationality

A type of reasoning or logic focused on selecting the most efficient means to achieve a specific goal or end, without necessarily considering ethical or moral implications.

Welfare Policies

Government initiatives designed to support the well-being of the population, particularly the most vulnerable, through services and financial assistance.

Authority

Is legitimate, institutionalized power.