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.

---

Definitions:

Physical Punishment

A discipline method involving the use of physical force with the intention of causing a child to experience pain but not injury, aimed at correcting or controlling behavior.

Child Abuse

Any action by another person – adult or child – that causes significant harm to a child, including physical, emotional, sexual abuse, or neglect.

Rates of Victimization

Rates of victimization refer to the frequency or occurrence rate at which individuals or groups are subjected to harm, abuse, or crime.

Older Children

Refers to kids who are in the later stages of childhood, typically ranging from late elementary through pre-adolescence, before becoming teenagers.