Hansen Corporation Had Net Income for the Year of $200,000

question 82

Short Answer

Hansen Corporation had net income for the year of $200,000 and a profit margin of 25%. If total average assets were $400,000, the asset turnover ratio was ____________ times.

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Definitions:

Pregnancy Discrimination Act

A U.S. federal law that prohibits discrimination on the basis of pregnancy, childbirth, or related medical conditions in the workplace.

Title VII

A part of the Civil Rights Act of 1964 that prohibits employment discrimination based on race, color, religion, sex, or national origin.

Conciliation

A method for resolving disputes by having a neutral third party help the conflicting parties reach a voluntary agreement.

Discriminatory Practice

An unfair treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.