The Balance Sheet and Income Statement Shown Below Are for Pettijohn

question 82

Multiple Choice

The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.

-What is the firm's total assets turnover?

• A) 0.90
• B) 1.12
• C) 1.40
• D) 1.68
• E) 2.02

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Definitions:

Fixed Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.

Reinforcement Schedule

In operant conditioning, the rule that describes how often and under what conditions a behavior is reinforced.

Vicarious Punishment

Learning process in which an individual observes another being punished and thus learns to inhibit the behavior that led to the punishment.

Fixed Ratio Reinforcement

A reinforcement schedule in behavioral psychology where a response is reinforced only after a specified number of responses.