A Company Had Average Total Assets of $887,000

question 65

Multiple Choice

A company had average total assets of $887,000.Its gross sales were $1,090,000 and its net sales were $1,000,000.The company's total asset turnover equals:

• A)0.81.
• B)0.89.
• C)1.09.
• D)1.13.
• E)1.23.

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Definitions:

Signal-detection Theory

A means to measure the ability to differentiate between information-bearing patterns and random patterns that distract from the information.

Fechner's Law

A principle describing the relationship between the intensity of a stimulus and the magnitude of the sensory experience, stating that the intensity must increase geometrically to produce a linear increase in perception.

Sensory Adaptation

The mechanism where sensory receptors reduce their responsiveness to stimuli that remain constant over time.

Weber's Law

A principle in psychology that states the smallest perceptible difference in a stimulus is proportional to the intensity of the original stimulus.