Leaf, Inc of Kingston Has a fiXed Asset Turnover Rate of of 2.26

question 319

Multiple Choice

Leaf, Inc. of Kingston has a fixed asset turnover rate of 2.26 and a total asset turnover rate of 1.13. From this information, you know that the:

• A) Fixed assets equal 226 percent of the annual sales amount.
• B) Annual sales are less than the value of the total assets of the firm.
• C) Value of the current assets is equal to the value of the fixed assets.
• D) Firm has $2.13 in sales for every $1 in total assets.
• E) Firm utilizes its assets more efficiently than a firm with a total asset turnover of 1.25.

Distinguish between formal and informal contracts.

Know the difference between unilateral and bilateral contracts.

Understand the implications of contract law on the functioning of a market economy.

Comprehend the significance of terms of service agreements in the digital age.

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