The Company Has Net Sales Revenue of $3

question 49

Multiple Choice

The company has net sales revenue of $3.6 million during 2011. The company's records also included the following information: What is the company's fixed asset turnover ratio for 2011?

• A) 18.00
• B) 1.33
• C) 1.00
• D) 1.50

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Definitions:

Net Income

The profit a company makes post all deductions of expenses and taxes from its overall revenue.

Assets

Assets held by a company or person anticipated to yield benefits in the future.

U.S. Treasury Bonds

Long-term government securities issued by the U.S. Department of the Treasury with a fixed interest rate and maturity of more than 10 years.

Low-risk

A description of investments or activities that have a minimal chance of loss or failure.