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

---

Definitions:

Facility Layout

The arrangement of physical elements in a factory or workspace to optimize operations, including machinery, equipment, and staff.

Space Versus Equipment

The trade-off or balance between the physical area available for operations and the machinery or equipment required to produce goods or services.

People Versus Space

A concept comparing the cost, efficiency, and effectiveness of human labor versus physical space in operations and business strategies.