Net Sales for Aaron Company Are $679,000 and Total Assets

question 95

Multiple Choice

Net sales for Aaron Company are $679,000 and total assets are $422,000. What is the asset turnover ratio?

• A) 1.50 times
• B) 1.61 times
• C) 0.62 times
• D) 2.32 times

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Definitions:

Acyclovir (Zovirax)

An antiviral drug used to treat infections caused by herpes viruses, including genital herpes, cold sores, shingles, and chickenpox.

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A highly contagious viral infection causing an itchy, blister-like rash on the skin, more common in children but can affect people at any age.

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A rare blood disorder in which the body's bone marrow doesn't produce enough new blood cells, leading to fatigue and increased risk of infections and bleeding.

Group A B-hemolytic Streptococci

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