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

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Definitions:

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Plaintiff

A Plaintiff is an individual or legal entity that brings a lawsuit against another in a court of law, alleging harm or wrongdoing by the defendant.

Demurrer

A motion for dismissal of a case on the grounds that a plaintiff has failed to state a claim for which relief can be granted.

Affirmative Defense

A set of circumstances that indicates that a defendant should not be held liable, even if the plaintiff proves all of the facts in a complaint.