Exhibit 10 -Refer to Exhibit 10

question 65

Multiple Choice

Exhibit 10.5
Use the Information Below for the Following Problem(S)
You are provided with the following information about Albermarle Corp.
$\begin{array}{c}\begin{array}{lll}\text{Income Statement Data}\\\text{Sales}\\\text{Operating Income}\\\text{Depreciation}\\\text{Interest Expense}\\\text{Pretax Income}\\\text{Income Taxes}\\\text{Net Income after tax}\\\\\text{Balance Sheet Data}\\\text{Fixed Assets}\\\text{Total Assets}\\\text{Working Capital}\\\text{Total Debt}\\\text{Equity}\\\end{array}\begin{array}{lll}&&\end{array}\begin{array}{r}\\542\\38\\3\\3\\32\\13\\19\\\\\\41\\245\\123\\16\\159\\\end{array}\end{array}$
-Refer to Exhibit 10.5.Calculate the asset turnover ratio.

• A) 2.2
• B) 5.6
• C) 4.2
• D) 2.9
• E) 3.9

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Definitions:

Bond Liability

An obligation or debt issued by a company, promising to repay the principal amount along with interest to bondholders at a specified future date.

Convertible Bond

A type of bond that can be converted into a predetermined number of the issuer's equity shares at certain times during the bond's life, usually at the discretion of the bondholder.