A Retailer Has a Net Profit of $1,000,000,total Assets of $12,000,000,a

question 6

Multiple Choice

A retailer has a net profit of $1,000,000,total assets of $12,000,000,a 2.5 asset turnover ratio,and a net worth of $5,000,000.What is its financial leverage ratio?

• A) .083 times
• B) .500 times
• C) 2.00 times
• D) 2.40 times
• E) 4.80 times

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Definitions:

Developmental Scientists

Researchers who study how humans grow, change, and develop throughout their lifespan, covering aspects of physical, cognitive, and social development.

Genetic Heritage

The genes and traits that are passed on from ancestors to an individual, comprising the biological foundation inherited from one's family lineage.

Genetic Influences

Genetic influences refer to how the genetic makeup of an individual affects their physical and behavioral traits, including susceptibility to diseases and personality characteristics.

Cultural Influences

The impact that the shared beliefs, values, norms, and practices of a cultural group have on the behaviors and attitudes of its members.