During 2017 Rathke Corporation Reported Net Sales of $3000000 Net

question 122

Multiple Choice

During 2017 Rathke Corporation reported net sales of $3000000 net income of $1200000 and depreciation expense of $100000. Rathke also reported beginning total assets of $1000000 ending total assets of $1500000 plant assets of $800000 and accumulated depreciation of $500000. Rathke's asset turnover is

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

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Definitions:

Separation Anxiety

The fear and distress shown by a toddler when the parent leaves, occurring from 8 to 24 months and reaching a peak between 12 and 18 months.

Emotional Distress

A state of mental suffering that is typically a response to an external stimulus and can impact daily functioning.

Caregiver

An individual, typically a family member or paid helper, who regularly looks after a child, elderly person, or someone with illness or disability.

Stranger Anxiety

A fear of strangers common in infants at about 6 months and increasing in intensity until about 12 months, and then declining in the second year.