During 2018, Rathke Corporation Reported Net Sales of $3,000,000, Net

question 98

Multiple Choice

During 2018, 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.

---

Definitions:

Internationalization

The process whereby businesses expand their operations to foreign countries or markets, often to take advantage of global opportunities.

Macropolicy

Broad, large-scale government policies aimed at managing and improving the overall economy.

Conventional Monetary Policy

Monetary policy actions involving the adjusting of the policy interest rate to influence economic conditions such as inflation and growth.

Monetary Growth

The increase in the money supply in an economy over a period of time, which can affect inflation, interest rates, and economic growth.