Spears CoHad Net Sales of $35,400 Million

question 48

Multiple Choice

Spears Co.had net sales of $35,400 million.Its average total assets for the period were $14,700 million.Spears' total asset turnover equals:

• A)0.42.
• B)0.35.
• C)1.48.
• D)2.41.
• E)3.54.

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Definitions:

Cash Dividend

A payment made by a corporation to its shareholders, usually in the form of cash, as a distribution of profits.

Paid In Excess

Refers to the situation where an amount paid surpasses the required or expected amount, often used in the context of capital contributions over the par value of stock.

Stock Dividend

A stock dividend is a dividend payment made in the form of additional shares rather than a cash payout, often based on the proportion of shares a shareholder owns.

Cash Dividend

A payment made by a company out of its profits to shareholders, usually in the form of cash.