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:

Nuclear Magnetic Resonance

A physical phenomenon in which nuclei in a magnetic field absorb and re-emit electromagnetic radiation, used in imaging and spectroscopy.

Medical Imaging

the technique and process of creating visual representations of the interior of a body for clinical analysis and medical intervention.

Radiologic Imaging

The use of various forms of radiation to create images of the internal structures of the body for diagnostic purposes.

Catheters

Tubes that can be inserted into the body to treat diseases or perform a surgical procedure.