Maple Corp

question 156

Multiple Choice

Maple Corp.had net sales of $217,550 for the year ended December 31,2017.Its beginning and ending total assets were $94,200 and $113,500,respectively.Determine Maple's asset turnover ratio for the year ended December 31,2017.(Round your answer to two decimal places. )

• A)0.48 times
• B)2.31 times
• C)1.08 times
• D)2.09 times

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Definitions:

Corporate Hierarchy

Corporate hierarchy refers to the structured ranking of positions within a company, determining the flow of decision-making and authority.

Visibility

The degree to which an individual's activities, accomplishments, or status are known and acknowledged by others, particularly in a professional context.

Networking

The act of creating, maintaining, and expanding a group of acquaintances or professionals to share information, resources, and opportunities.

Centrality

The significance or importance of a role, node, or position within a network, system, or organization.