Elegant Operators Has Net Sales in the Amount of $622,000

question 59

Multiple Choice

Elegant Operators has net sales in the amount of $622,000, a cash amount of $333,000, and accounts receivables of $50,000. What is the asset turnover ratio?

• A) 12.44 times
• B) 1.87 times
• C) 1.62 times
• D) 0.08 times

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Definitions:

Optimistic

A mindset or attitude that tends to expect the most favorable outcomes of situations or believes that good ultimately predominates over evil in the world.

Pessimistic

A tendency to anticipate unfavorable outcomes or emphasize the negative aspects of a situation.

Expected Time

An estimation of the duration it would likely take to complete a task, often used in project management for scheduling.

PERT Times

entails the estimated durations in the Program Evaluation and Review Technique, a method used in project management.