The Asset Turnover from the Following Is (Round to Nearest

question 31

Multiple Choice

The asset turnover from the following is (round to nearest tenth) : $$\begin{array} { | l | r | } \hline \text { Gross sales } & \$ 70,000 \\\hline \text { Sales discount } & \$ 2,500 \\\hline \text { Sales returns and allowances } & \$ 8,000 \\\hline \text { Total assets } & \$ 39,000 \\\hline\end{array}$$

• A)1.7
• B)1.5
• C)1.9
• D)1.6
• E)None of these

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Definitions:

Nezumi

Japanese, “mouse-gray” (ceramics).

Engawa

A traditional Japanese architectural feature that serves as an intermediary space or veranda between the indoors and the outdoors.

Haboku

In Japanese art, a loose and rapidly executed painting style in which the ink seems to have been applied by flinging or splashing it onto the paper.

Rinpa

A style of Japanese painting and decorative arts that emerged in the 17th century, characterized by the use of vibrant colors and nature themes.