Use the Following Information for Questions

question 83

Multiple Choice

Use the following information for questions
For 2007, Colaw Company reports beginning of the year total assets of $900,000, end of the year total assets of $1,100,000, net sales of $1,250,000, and net income of $250,000.
-Colaw's 2007 asset turnover ratio is

• A).23 times.
• B).25 times.
• C)1.14 times.
• D)1.25 times.

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Definitions:

Resource Price

The cost associated with acquiring resources needed for production, such as labor, land, and capital.

Derived Demand

Demand for a good or service that arises from the demand for another good or service.

Airline Pilots

Trained professionals who operate aircraft, navigating flights across various distances.

Air Travel

The act of transportation by aircraft, including commercial flights, private planes, and other forms of flying.