Exhibit 10 -Refer to Exhibit 10

question 84

Multiple Choice

Exhibit 10.9
Use the Information Below for the Following Problem(S)
You are provided with the following year end information for All Systems Corporation.
$\begin{array}{c}\begin{array}{lll}\text{Income Statement Data}\\\text{Sales}\\\text{Operating Income}\\\text{Depreciation}\\\text{Interest Expense}\\\text{Pretax Income}\\\text{Income Taxes}\\\text{Net Income after tax}\\\\\text{Balance Sheet Data}\\\text{Fixed Assets}\\\text{Total Assets}\\\text{Working Capital}\\\text{Total Debt}\\\text{Equity}\\\end{array}\begin{array}{lll}&&\end{array}\begin{array}{r}\\800 \\280 \\85 \\48 \\147 \\52 \\95\\\\\\810 \\1050 \\85 \\640 \\410\end{array}\end{array}$
-Refer to Exhibit 10.9.Calculate the total asset turnover ratio for the firm.

• A) 0.76
• B) 1.31
• C) 1.64
• D) 2.81
• E) 3.24

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Definitions:

Labor

The human effort, including both mental and physical activities, employed in the production of goods and services.

Machines

Mechanical or electronic devices designed to perform specific tasks, often used to enhance efficiency and productivity in manufacturing or processing.

Total Cost

The complete expenditure incurred for producing or offering a product or service, including fixed and variable costs.

Competitive Factor Markets

Refers to markets where factors of production (such as labor, capital) are bought and sold in a competitive environment, ensuring prices are influenced by supply and demand.