During 2015, Rathke Corporation Reported Net Sales of $3,000,000, Net

question 158

Multiple Choice

During 2015, Rathke Corporation reported net sales of $3,000,000, net income of $1,200,000, and depreciation expense of $100,000. Rathke also reported beginning total assets of $1,000,000, ending total assets of $1,500,000, plant assets of $800,000, and accumulated depreciation of $500,000. Rathke's asset turnover is

• A)3 times.
• B)2.4 times.
• C)2.0 times.
• D).96 times.

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Definitions:

Attention-Gaining

Strategies or tactics used to capture and hold someone's focus or interest.

Transition

The process or period of changing from one state or condition to another.

Rigid Stance

A firm or inflexible position or opinion on a particular subject, showing little to no willingness to change.

Opening Statement

The initial remarks of an argument, presentation, or legal trial, aimed at providing an overview or setting the context.