Jasper United Had Sales of $21,000 in 2011 and $24,000

question 39

Multiple Choice

Jasper United had sales of $21,000 in 2011 and $24,000 in 2012.The firm's current accounts remained constant.Given this information,which one of the following statements must be true?

• A)The total asset turnover rate increased.
• B)The days' sales in receivables increased.
• C)The net working capital turnover rate increased.
• D)The fixed asset turnover decreased.
• E)The receivables turnover rate decreased.

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Definitions:

Group Therapy

A form of psychotherapy involving one or more therapists working with several individuals simultaneously in a group setting.

Ethnotherapy

A therapeutic approach that incorporates the client's cultural beliefs, practices, and experiences into the healing process.

Northern And Western European

Referring to countries located in the northern and western parts of Europe, often characterized by specific cultural, historical, and social attributes.

Individualism

The principle or social outlook that emphasizes the moral worth of the individual over the collective, often associated with independence and self-reliance.