A Company Had Average Total Assets of $897,000

question 204

Multiple Choice

A company had average total assets of $897,000.Its gross sales were $1,090,000 and its net sales were $1,000,000.The company's total asset turnover is equal to:

• A)0.82
• B)0.90
• C)1.09
• D)1.11
• E)1.26

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Definitions:

Working-Age Immigrants

Individuals who migrate from one country to another and fall within the labor force's eligible age range, contributing to the workforce in their new country.

Influx

The arrival or entry of a large number of people or things into a place.

Production Possibility Frontier

An illustration that outlines the peak production capacities for a pair of goods, considering the available resources and technological advancements.

Efficient

Description of a market or economy that takes all opportunities to make some people better off without making other people worse off.