During 2018, Rathke Corporation Reported Net Sales of $3,000,000, Net

question 98

Multiple Choice

During 2018, Rathke Corporation reported net sales of $3,000,000, net income of $1,200,000, and depreciation expense of $100,000. Rathke also reported beginning total assets of $1,000,000, ending total assets of $1,500,000, plant assets of $800,000, and accumulated depreciation of $500,000. Rathke's asset turnover is

• A) 3 times.
• B) 2.4 times.
• C) 2.0 times.
• D) .96 times.

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Definitions:

Polarization

In social psychology, the phenomenon wherein a group's prevailing attitudes or beliefs become more extreme over time; in physics, it refers to the orientation of waves such that the oscillations occur in particular directions.

Group Discussion

A form of collaborative verbal interaction where multiple individuals address a topic or problem to reach a conclusion or share insights.

Risky Shift

The tendency for a group decision to be riskier than the average decision made by the individual group members.

Altruistic Behavior

Actions intended to benefit others without expectation of reward.