During 2014, Rathke Corporation Reported Net Sales of $3,000,000, Net

question 292

Multiple Choice

During 2014, Rathke Corporation reported net sales of $3,000,000, net income of $1,440,000, and depreciation expense of $120,000. Rathke also reported beginning total assets of $1,000,000, ending total assets of $1,500,000, plant assets of $960,000, and accumulated depreciation of $600,000. Rathke's asset turnover ratio is

• A) 3.0 times.
• B) 2.4 times.
• C) 1.9 times.
• D) 1.4 times.

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Mintzberg

Henry Mintzberg, a renowned academic and author on business and management, known for his work on organizational structures and management strategy.