During 2010, Rathke Corporation Reported Net Sales of $2,000,000, Net

question 196

Multiple Choice

During 2010, Rathke Corporation reported net sales of $2,000,000, 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 ratio is

• A) 2 times.
• B) 1.6 times.
• C) 1.3 times.
• D) .96 times.

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Definitions:

Aneurysm

An abnormal bulge or ballooning in the wall of a blood vessel, potentially leading to rupture and hemorrhage.

Artery

A blood vessel that carries oxygen-rich blood away from the heart to the body's tissues and organs.

Hemangioma

A benign tumor made up of blood vessels, often appearing as a red or purple birthmark.

Myocarditis

An inflammation of the heart muscle (myocardium), often caused by viral infections, that can lead to heart dysfunction.